Multichain
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📰@BloctoApp, a #Multichain wallet, has closed a Series A funding round at a valuation of $80M.
Entrepreneur @mcuban, #IPX and @500GlobalVC participated in the raise. #Blocto has not disclose the funding amount for this round. $BLT
👉https://cutt.ly/H8ewMCM
Entrepreneur @mcuban, #IPX and @500GlobalVC participated in the raise. #Blocto has not disclose the funding amount for this round. $BLT
👉https://cutt.ly/H8ewMCM
Vela Exchange, an Arbitrum-based perpetual DEX, announced the launch of #Multichain Deposits, a feature that allows users to deposit assets on other chains directly into Vela Exchange.
#crypto2023 #keepbuilding #dyor
#crypto2023 #keepbuilding #dyor
⚡️ #DexeNetwork #DEXE has announced a partnership with #Multichain #MULTI
Through this partnership, Multichain will serve as a multichain bridge for the $DEXE token, allowing users to move $DEXE between ERC-20 and BEP-20 in both directions.
Through this partnership, Multichain will serve as a multichain bridge for the $DEXE token, allowing users to move $DEXE between ERC-20 and BEP-20 in both directions.
Affected by #Multichain , this whale deposited all 16M $FTM ($4.8M) accumulated in the past 7 days onto #Binance for selling. Additionally, the whale has withdrawn 2.7M $USDT and is currently selling $FTM at a price of approximately $0.3.
▪️Flexibility with multichain, each blockchain can have its own set of rules, consensus mechanisms, and features. This flexibility enables organizations to tailor individual chains to specific requirements, accommodating diverse use cases within a single network.#Multichain #multichains #chains #network
#Multichain was a big blow', says Andre Cronje as #Fantom TVL slumps
Andre Cronje, co-founder of Fantom, described Multichain's failure as a "big blow" to the #smartcontracts platform, which has seen a steep drop in activity over the past few weeks.
#cryptoniteuae #Binanceturns6
Andre Cronje, co-founder of Fantom, described Multichain's failure as a "big blow" to the #smartcontracts platform, which has seen a steep drop in activity over the past few weeks.
#cryptoniteuae #Binanceturns6
Multichain and Web3Hub have remained effective in bringing together the chief players within the Web3 space to join the exclusive program.
#MULTI #Web3 #Multichain
https://blockchainreporter.net/multichain-and-hk-web3hub-partner-up-to-develop-an-influential-multchainverse/
#MULTI #Web3 #Multichain
https://blockchainreporter.net/multichain-and-hk-web3hub-partner-up-to-develop-an-influential-multchainverse/
1. An #Ethereum wallet connected to the #Multichain exploit has sold over $4 million worth of altcoins, including chainlink's token (LINK) and #WOO Network (WOO) tokens on #Uniswap.
2. The wallet's actions are impacting the market, particularly WOO #token, as its price dropped by 8% following the significant sales of LINK and WOO tokens.
3. The wallet, created recently, received funds from a flagged "suspicious" address on etherscan. This address had received lockup funds from the Multichain team's multi-signature address, despite being unfamiliar to the Multichain team.
4. The exploitation and subsequent sales raise concerns about the security and legitimacy of the transactions, highlighting potential risks within the cryptocurrency ecosystem.
$WOO $CRV
2. The wallet's actions are impacting the market, particularly WOO #token, as its price dropped by 8% following the significant sales of LINK and WOO tokens.
3. The wallet, created recently, received funds from a flagged "suspicious" address on etherscan. This address had received lockup funds from the Multichain team's multi-signature address, despite being unfamiliar to the Multichain team.
4. The exploitation and subsequent sales raise concerns about the security and legitimacy of the transactions, highlighting potential risks within the cryptocurrency ecosystem.
$WOO $CRV
Crisis in Crypto: Multichain CEO Mysteriously Vanishes"
Imagine this, folks - You're sitting at home, all is calm, then suddenly, the police knock at your door and whisk you away. Poof! Just like that, you're gone. This isn't the plot of a thriller movie. This is exactly what happened to Multichain CEO Zhao Jun. 😲
Zhao's mysterious disappearance 🕵️♂️ left the team high and dry. Picture this: all operation keys to their servers? Revoked! Every single device Zhao owned? Seized! The Multichain team's been left twiddling their thumbs, unable to access crucial servers, all their funds locked away. Talk about a bad day at the office. 🙄
Here's the kicker: the Multichain protocol is still running, even with its skipper gone. The team’s sticking to their guns, folks! Despite all the hurdles, they're doing everything they can to keep the system running. Hats off to their resilience! 🎩👏
But then, plot twist! 🎬 On July 7th, out of the blue, user assets start migrating to an unknown address. Zhao's sister, our unexpected heroine, springs into action, transferring the remaining assets to safe havens. Good move, right? 😇
Well, hold your horses. The story takes a darker turn. 👀 On July 13th, she's taken into custody, and the assets she saved? Their status is now up in the air. Suspense is killing us, isn't it? 😳
As the Multichain saga unfolds, the team is clinging to the ropes, with operations grinding to a halt. They're doing their best to keep the community informed, promising to deliver any further developments. 📬
Meanwhile, Multichain.org remains functional. If you're a user, watch out! Spread the word and caution users against using Multichain services. Your safety is paramount! 💡
In the ever-unpredictable world of crypto, this is just another reminder that reality can, at times, be stranger than fiction. Stay tuned for more updates on this crypto whodunit! 🍿👀
Remember folks, in crypto, as in life, always expect the unexpected! 🎭
#Multichain
Zhao's mysterious disappearance 🕵️♂️ left the team high and dry. Picture this: all operation keys to their servers? Revoked! Every single device Zhao owned? Seized! The Multichain team's been left twiddling their thumbs, unable to access crucial servers, all their funds locked away. Talk about a bad day at the office. 🙄
Here's the kicker: the Multichain protocol is still running, even with its skipper gone. The team’s sticking to their guns, folks! Despite all the hurdles, they're doing everything they can to keep the system running. Hats off to their resilience! 🎩👏
But then, plot twist! 🎬 On July 7th, out of the blue, user assets start migrating to an unknown address. Zhao's sister, our unexpected heroine, springs into action, transferring the remaining assets to safe havens. Good move, right? 😇
Well, hold your horses. The story takes a darker turn. 👀 On July 13th, she's taken into custody, and the assets she saved? Their status is now up in the air. Suspense is killing us, isn't it? 😳
As the Multichain saga unfolds, the team is clinging to the ropes, with operations grinding to a halt. They're doing their best to keep the community informed, promising to deliver any further developments. 📬
Meanwhile, Multichain.org remains functional. If you're a user, watch out! Spread the word and caution users against using Multichain services. Your safety is paramount! 💡
In the ever-unpredictable world of crypto, this is just another reminder that reality can, at times, be stranger than fiction. Stay tuned for more updates on this crypto whodunit! 🍿👀
Remember folks, in crypto, as in life, always expect the unexpected! 🎭
#Multichain
The Power of #Bitcoin Holdings: A $100 Investment Journey 📈
📅 Nov 01, 2011: BTC market crash ($32 to $3) - $100 invested.
📈 ATH ($69,000): Gain of 34,56,467% - Your $100 turns into $3.5 Million.
⏰ Current Time ($29,800): Gain of 14,34,694% - Your $100 now worth $1.43 Million.
This is Power of HODL.
#Multichain #TradingStrategy #GOATMoments #googleai
$BTC $ETH $BNB
📅 Nov 01, 2011: BTC market crash ($32 to $3) - $100 invested.
📈 ATH ($69,000): Gain of 34,56,467% - Your $100 turns into $3.5 Million.
⏰ Current Time ($29,800): Gain of 14,34,694% - Your $100 now worth $1.43 Million.
This is Power of HODL.
#Multichain #TradingStrategy #GOATMoments #googleai
$BTC $ETH $BNB
🇺🇸 US IRS says crypto rewards must be reported as income in taxable year.
Crypto investors is that staking prizes will be subject to the same tax treatment - but the lack of consistency in taxation and unclear guidance has caused a lot of undue stress and confusion for US investors.
The IRS is very clear that cryptocurrency is viewed and taxed as property. So taxing mining rewards and staking rewards as revenue is inconsistent with this view.
#pepe #FTE_TN #WorldCoin #Multichain #FDUSD
👉Follow, Like, Comment & Share ❤
Crypto investors is that staking prizes will be subject to the same tax treatment - but the lack of consistency in taxation and unclear guidance has caused a lot of undue stress and confusion for US investors.
The IRS is very clear that cryptocurrency is viewed and taxed as property. So taxing mining rewards and staking rewards as revenue is inconsistent with this view.
#pepe #FTE_TN #WorldCoin #Multichain #FDUSD
👉Follow, Like, Comment & Share ❤
Multichain has also mentioned that the initial decentralized application (dApp) being developed on the zkRouter is also going to be launched.
#blockchain #Dapps #Multichain #MULTI #crypto2023
https://blockchainreporter.net/multichain-announces-the-launch-of-the-earliest-dapp-on-zkrouter/
#blockchain #Dapps #Multichain #MULTI #crypto2023
https://blockchainreporter.net/multichain-announces-the-launch-of-the-earliest-dapp-on-zkrouter/
Due to on-going concerns with the MultiChain Bridge, we will deprecate the Governance Vault on Fantom to safeguard users' $ALPACA tokens.
➡️ Going forward, Fantom's revenue will be distributed to xALPACA holders on the BNB Chain Execution steps:
➡️ We will upgrade Fantom's Gov contract to allow for admin withdrawal of locked ALPACA
➡️ Bridge all ALPACA back to the BNB Chain
➡️ Do a Merkle distribution to allow users to claim their ALPACA on BNB Chain
⏰ Operations will commence over the weekend and $ALPACA will be available to claim early next week.
#BNB #BNBChain⚡️ #Fantom #Multichain #Bridges
➡️ Going forward, Fantom's revenue will be distributed to xALPACA holders on the BNB Chain Execution steps:
➡️ We will upgrade Fantom's Gov contract to allow for admin withdrawal of locked ALPACA
➡️ Bridge all ALPACA back to the BNB Chain
➡️ Do a Merkle distribution to allow users to claim their ALPACA on BNB Chain
⏰ Operations will commence over the weekend and $ALPACA will be available to claim early next week.
#BNB #BNBChain⚡️ #Fantom #Multichain #Bridges
🐳 Big moves in the #FTM market!
A massive whale just deposited a whopping 16M $FTM ($4.8M) on #Binance after being affected by #Multichain
😮 Now, they're making waves by selling their holdings at an enticing price of approximately $0.3.
#Fantom #GOATMoments
$BTC $SOL
A massive whale just deposited a whopping 16M $FTM ($4.8M) on #Binance after being affected by #Multichain
😮 Now, they're making waves by selling their holdings at an enticing price of approximately $0.3.
#Fantom #GOATMoments
$BTC $SOL
$127M locked assets on #Multichain were abnormally moved to 6 addresses 7 hrs ago.
Assets moved by exploiter:
🔸62.6M $USDC
🔸1,030 $WBTC($31M)
🔸7,214 $WETH($13.4M)
🔸5M $DAI
🔸910K $UNIDX($3.3M)
🔸491K $LINK($3M)
🔸2.5M $USDT
🔸9.7M $WOO($2.1M)
🔸1.3M $ICE($1.8M)
🔸1.36M $CRV($1M)
🔸134 $YFI($914K)
🔸502K $TUSD
In response to the cross-chain router hack and exploit, the team announced the following:
"The lockup assets on the Multichain MPC address have been moved to an unknown address abnormally."
"The team is not sure what happened and is currently investigating."
" It is recommended that all users suspend the use of Multichain services and revoke all contract approvals related to Multichain."
Errr... They are not sure what happened?
1) What?
Assets moved by exploiter:
🔸62.6M $USDC
🔸1,030 $WBTC($31M)
🔸7,214 $WETH($13.4M)
🔸5M $DAI
🔸910K $UNIDX($3.3M)
🔸491K $LINK($3M)
🔸2.5M $USDT
🔸9.7M $WOO($2.1M)
🔸1.3M $ICE($1.8M)
🔸1.36M $CRV($1M)
🔸134 $YFI($914K)
🔸502K $TUSD
In response to the cross-chain router hack and exploit, the team announced the following:
"The lockup assets on the Multichain MPC address have been moved to an unknown address abnormally."
"The team is not sure what happened and is currently investigating."
" It is recommended that all users suspend the use of Multichain services and revoke all contract approvals related to Multichain."
Errr... They are not sure what happened?
1) What?
Yesterday's XRP move resulted in $303 million in liquidations.
Yesterday's XRP move resulted in $303 million in liquidations. Shorts took out $216 million and the rest was taken for corrections from particularly greedy longs. Binance, OKX and Bybit shaved the most 😋
#XRP never reached $1, now the rate is consolidating near $0.8. Coinbase has already resumed (https://twitter.com/CoinbaseExch/status/1679596000044888065) XRP trading, and Gemini, Kraken and Crypto com are ready to do it soon. But it's not enough for a new pampa yet 🙃
#BTC is holding above $31k, #Ethereum is trading very close to $2k. Let's hold our fists that this is finally an exit from the resistance zone, because in case of a fake breakout - all yesterday's growth may be nullified
😳 #Multichain team submitted a report (https://twitter.com/MultichainOrg/status/1679768407628185600) about the hack and effectively shut down the project. Funds were withdrawn through the accesses of founder Zhao Jun and his sister, who were taken away to an unknown destination by Chinese police 🤬
#XRP never reached $1, now the rate is consolidating near $0.8. Coinbase has already resumed (https://twitter.com/CoinbaseExch/status/1679596000044888065) XRP trading, and Gemini, Kraken and Crypto com are ready to do it soon. But it's not enough for a new pampa yet 🙃
#BTC is holding above $31k, #Ethereum is trading very close to $2k. Let's hold our fists that this is finally an exit from the resistance zone, because in case of a fake breakout - all yesterday's growth may be nullified
😳 #Multichain team submitted a report (https://twitter.com/MultichainOrg/status/1679768407628185600) about the hack and effectively shut down the project. Funds were withdrawn through the accesses of founder Zhao Jun and his sister, who were taken away to an unknown destination by Chinese police 🤬
