Multichain [MULTI] is hacked – around $126M in assets stolen from bridge

Multichain $MULTI, a cross-chain router protocol, has been exploited for roughly $126M worth of assets, according to PeckShield. (https://twitter.com/peckshield/status/1677031203772289030) More than $102M worth of crypto was withdrawn from Multichain’s Fantom $FTM bridge contract on Ethereum $ETH. This included $31M in $WBTC, $13.6M in $WETH and $58M in $USDC.

The Multichain team tweeted (https://twitter.com/MultichainOrg/status/1677180114227056641) that they were unsure of what had happened, urging users to suspend all use of its services. At the moment, the exploiter’s wallet address holds over $126M.

IDEX [IDEX] has unveiled its zkEVM Layer 2 chain based on Polygon Supernets

IDEX $IDEX, one of Ethereum’s oldest decentralized exchanges, announced plans to build a Polygon $MATIC zkEVM-based Layer 2 chain named Xchain. Currently in the testnet phase, the blockchain is being developed based on zkEVM from Polygon’s Supernets software stack and aims to offer a decentralized perpetual trading platform. IDEX will also integrate Polygon’s zkEVM technology to function as a Layer 2 network, deriving its security from Ethereum.

Multichain [MULTI] is hacked – around $126M in assets stolen from bridge

Multichain $MULTI, a cross-chain router protocol, has been exploited for roughly $126M worth of assets, according to PeckShield. (https://twitter.com/peckshield/status/1677031203772289030) More than $102M worth of crypto was withdrawn from Multichain’s Fantom $FTM bridge contract on Ethereum $ETH. This included $31M in $WBTC, $13.6M in $WETH and $58M in $USDC.

The Multichain team tweeted (https://twitter.com/MultichainOrg/status/1677180114227056641) that they were unsure of what had happened, urging users to suspend all use of its services. At the moment, the exploiter’s wallet address holds over $126M.

IDEX [IDEX] has unveiled its zkEVM Layer 2 chain based on Polygon Supernets

IDEX $IDEX, one of Ethereum’s oldest decentralized exchanges, announced plans to build a Polygon $MATIC zkEVM-based Layer 2 chain named Xchain. Currently in the testnet phase, the blockchain is being developed based on zkEVM from Polygon’s Supernets software stack and aims to offer a decentralized perpetual trading platform. IDEX will also integrate Polygon’s zkEVM technology to function as a Layer 2 network, deriving its security from Ethereum.