The stablecoin issuers froze millions of dollars-worth of assets tied to addresses associated with the Multichain hacker.
Objavljeno 10. julija 2023 ob 2:47 zjutraj EST.
In a Twitter alert late on Friday, the Fantom Foundation, the entity behind the Fantom network, highlighted three addresses connected to the Multichain exploit that had been blacklisted by USDC issuer Circle.
Update: Circle has frozen these accounts with >60m USDC on Ethereum transferred from Multichain:https://t.co/JCNSqiDBo1https://t.co/JCNSqiDBo1https://t.co/NDs3m48zbY
Hvala @krog in ekipi za hiter odziv.
- Fundacija Fantom (@FantomFDN) Julij 7, 2023
The addresses collectively held over $65 million in assets, the majority of which consisted of USDC.
In a separate update, the Fantom Foundation disclosed that USDT issuer Tether had frozen $2.5 million worth of funds that were transferred from Multichain.
Update: Tether has frozen these accounts with >2.5m USDT on Ethereum transferred from Multichain:https://t.co/bFYACtQ7t6https://t.co/zlRybitcJC
Hvala @Tether_to in ekipi za hiter odziv.
- Fundacija Fantom (@FantomFDN) Julij 8, 2023
The Multichain cross-chain router protocol was Exploited on Thursday, with the team confirming $126 million worth of “abnormal outflows” from its MPC address. A significant portion of the exploited funds were withdrawn from Multichain’s Fantom bridge contract on Ethereum.
Fantom CEO Michael Kong allegedly Rekel crypto analyst Ijaz Awan that the Multichain exploit did not appear to be a “normal hack” because the funds had not moved from the attacker’s wallet.
“All the indications appear that private keys were used to move funds to certain wallets and nothing more,” Kong reportedly said.
Meanwhile, shortly after the exploit, another group of scammers quickly swooped in to take advantage of the victims with a phishing scam. The scammers falsely claimed to represent the Fantom Foundation issuing an “emergency airdrop” to users affected by the Multichain incident, urging users to click a fraudulent link attached to tweets that have since been deleted.
🚨Scam Alert
The fraudulent distribution of #Fantom — falsely linked to the #MultiChain attack — is spreading on Twitter, attracting significant attention🔥
Be aware of scammers spreading a phishing link on #Twitter and don’t click o something you are not 100% sure of🖥️
— Satoshi Talks (@Satoshi_Talks) Julij 9, 2023
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- vir: https://unchainedcrypto.com/tether-and-circle-freeze-over-65-million-assets-tied-to-multichain-exploit/
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