Multichain saw significant outflows yesterday causing fears of an exploit, as the team urged users to revoke all contracts until further notice. Meanwhile, CEO Zhaojun hasn’t been seen since the end of May, with rumors at the time suggesting he may have been arrested in China.
About $1.5 million was transferred from the address associated with the Nomad exploit to the Tornado Cash. Apparently the attackers are trying to cash out the funds.
$1.5 billion of assets still locked in the Multichain protocol have reportedly been confiscated by Chinese police as part of a money-laundering investigation. However, one source suggests that this is just the latest face of police embezzlement in the country.
$1.5 billion of assets still locked in the Multichain protocol have reportedly been confiscated by Chinese police as part of a money-laundering investigation. However, one source suggests that this is just the latest face of police embezzlement in the country.
Multichain saw significant outflows yesterday causing fears of an exploit, as the team urged users to revoke all contracts until further notice. Meanwhile, CEO Zhaojun hasn’t been seen since the end of May, with rumors at the time suggesting he may have been arrested in China.
About $1.5 million was transferred from the address associated with the Nomad exploit to the Tornado Cash. Apparently the attackers are trying to cash out the funds.
On Friday, July 1st, blockchain networks Polygon and Fantom were subjected to a DNS attack. No information about the stolen funds has been released yet.
