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Fantom Opens Proposal for Refunds in Multichain $130M Exploit

source-logo  coingape.com 05 March 2024 10:40, UTC

On July 6, 2023, the cryptocurrency world was rocked by a significant exploit involving the multichain bridge. The exploit resulted in substantial outflows from the bridge, raising alarms across the industry. As a consequence of the exploit, the Multichain protocol made the difficult decision to suspend its operations, further highlighting the severity of the situation.