Multichain recovers $2.6M stolen funds, to reimburse losses on condition

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Cryptocurrency 5 hours ago (Feb 20, 2022 07:40AM ET)

Multichain recovers $2.6M stolen funds, to reimburse losses on condition

After a month-long fight against an ongoing exploit, cross-chain router protocol Multichain announced the recovery of nearly 50% of the total stolen funds, worth nearly $2.6 million of cryptocurrencies. The team has also released a compensation plan to reimburse the users’ losses.

On Jan. 10, blockchain security expert Dedaub alerted Multichain about two vulnerabilities in its liquidity pool and router contracts — affecting eight cryptocurrencies including wrapped ETH (WETH), wrapped BNB (WBNB), Polygon (MATIC) and (AVAX).

Daily attack sum. Source @Dune Analytics

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