Multichain
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âȘïžFlexibility 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 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/
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 đ
#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 đ
#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
đł #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 Funds were withdrawn through the accesses of founder Zhao Jun and his sister, who were taken away to an unknown destination by Chinese police đ€Ź
#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 đ
#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
đł #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 Funds were withdrawn through the accesses of founder Zhao Jun and his sister, who were taken away to an unknown destination by Chinese police đ€Ź
$127M locked assets on #Multichain were abnormally moved to 6 addresses 7 hrs ago.
Assets moved by exploiter:
đž62.6M $USDC
đž1,030 $WBTC($31M)
đž7,214 $WETH($13.4M)
đž5M $DAI
đž910K $UNIDX($3.3M)
đž491K $LINK($3M)
đž2.5M $USDT
đž9.7M $WOO($2.1M)
đž1.3M $ICE($1.8M)
đž1.36M $CRV($1M)
đž134 $YFI($914K)
đž502K $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:
đž62.6M $USDC
đž1,030 $WBTC($31M)
đž7,214 $WETH($13.4M)
đž5M $DAI
đž910K $UNIDX($3.3M)
đž491K $LINK($3M)
đž2.5M $USDT
đž9.7M $WOO($2.1M)
đž1.3M $ICE($1.8M)
đž1.36M $CRV($1M)
đž134 $YFI($914K)
đž502K $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?
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. đČ
Zhao's mysterious disappearance đ”ïžââïž 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. đ
Here's the kicker: the Multichain protocol is still running, even with its skipper gone. The teamâs 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! đ©đ
But then, plot twist! đŹ 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? đ
Well, hold your horses. The story takes a darker turn. đ 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? đł
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. đŹ
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! đĄ
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! đżđ
Remember folks, in crypto, as in life, always expect the unexpected! đ
#Multichain
Zhao's mysterious disappearance đ”ïžââïž 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. đ
Here's the kicker: the Multichain protocol is still running, even with its skipper gone. The teamâs 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! đ©đ
But then, plot twist! đŹ 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? đ
Well, hold your horses. The story takes a darker turn. đ 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? đł
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. đŹ
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! đĄ
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! đżđ
Remember folks, in crypto, as in life, always expect the unexpected! đ
#Multichain
đ» #Multichain Suspends Operations After Fantom Bridge Sees $122 Million Outflows! đ
Hours later, Multichain announced that they are investigating the matter and advised all users to suspend the use of its services.
#crypto2023 #BTC #crypto
Hours later, Multichain announced that they are investigating the matter and advised all users to suspend the use of its services.
#crypto2023 #BTC #crypto
Binance apologized to the community and added that the users will have permission to withdraw or deposit through other compatible networks.
$MULTI #Multichain #Binance
https://blockchainreporter.net/binance-to-halt-withdrawals-and-deposits-for-several-multichain-bridged-tokens/
$MULTI #Multichain #Binance
https://blockchainreporter.net/binance-to-halt-withdrawals-and-deposits-for-several-multichain-bridged-tokens/
âȘïžMultichain technology allows for the implementation of separate chains with varying levels of privacy and security. Sensitive data can be stored and processed on private chains, while public chains can be utilized for transparent and auditable transactions. This provides greater control over data access and ensures appropriate levels of privacy and security for different types of information.#Multichain #chains
Attacked by hackers, Multichain lost over 100m worth of tokensđČ
Popular cross-chain protocol Multichain saw a new hack responsible for stealing ~$103mm in tokens, after previously reporting a ~125mm theft from earlier in the month. The community suspects that the theft was an "inside-job", especially after the protocol officially confirmed that their CEO had already been taken away by the Chinese police since May. Furthermore, these collective losses have forced Multichain to cease its operations, leaving the beleaguered crypto market to deal with yet another 'rug-pull' from a well-followed project.
#Multichain #tokens #hackers #crypto
Popular cross-chain protocol Multichain saw a new hack responsible for stealing ~$103mm in tokens, after previously reporting a ~125mm theft from earlier in the month. The community suspects that the theft was an "inside-job", especially after the protocol officially confirmed that their CEO had already been taken away by the Chinese police since May. Furthermore, these collective losses have forced Multichain to cease its operations, leaving the beleaguered crypto market to deal with yet another 'rug-pull' from a well-followed project.
#Multichain #tokens #hackers #crypto
Tens of millions of dollars withdrawn from Multichain on #Fantom in possible exploit.
Security companies believe there may have been a security compromise when tens of millions of dollars' worth of tokens were removed from the #Multichain bridge on the Fantom network.
The #tokens transferred totaled $58 million in stablecoin USDC, $30.9 million in wrapped bitcoin, $13.7 million in wrapped ether, and $4 million in wrapped #stablecoin DAI. Additional tokens like Chainlink and UniDex were also included.
Security companies believe there may have been a security compromise when tens of millions of dollars' worth of tokens were removed from the #Multichain bridge on the Fantom network.
The #tokens transferred totaled $58 million in stablecoin USDC, $30.9 million in wrapped bitcoin, $13.7 million in wrapped ether, and $4 million in wrapped #stablecoin DAI. Additional tokens like Chainlink and UniDex were also included.
đŁïž #Binance CEO âCZâ Responds to #Multichain Exploit! đ
CZ expressed his awareness of the hack on Multichain but assured Binance users that the incident does not affect their holdings.
#crypto2023 #BTC
CZ expressed his awareness of the hack on Multichain but assured Binance users that the incident does not affect their holdings.
#crypto2023 #BTC
#Binance Halts Crypto Deposits & Withdrawals for Additional #Multichain-Bridged Tokens
#Multichain #Binance
#Multichain #Binance
đșđž 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
đFollow, Like, Comment & Share â€
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
đFollow, Like, Comment & Share â€
In the past two days, the Multichain protocol has experienced multiple issues due to unforeseeable circumstances. The team has done everything possible to maintain the protocol running, but they are currently unable to contact CEO Zhaojun and obtain the necessary server access for maintenance. #dyor  #Multichain #BinanceTournament #binancepizza
The Power of #Bitcoin Holdings: A $100 Investment Journey đ
đ Nov 01, 2011: BTC market crash ($32 to $3) - $100 invested.
đ ATH ($69,000): Gain of 34,56,467% - Your $100 turns into $3.5 Million.
â° 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
đ Nov 01, 2011: BTC market crash ($32 to $3) - $100 invested.
đ ATH ($69,000): Gain of 34,56,467% - Your $100 turns into $3.5 Million.
â° 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
âȘïžMultichain allows for the scalability of blockchain networks by creating multiple independent blockchains. This means that as the network grows, new chains can be added to handle increased transaction volume, improving overall performance.#Multichain #network #blockchains
#Multichain Fantom Bridge Exploited and Drained of $126M, Aptos Twitter Account Hacked
On July 7, a group of malicious hackers successfully compromised the Twitter accounts of Aptos Network and its CEO, Mo Shaikh. Exploiting this unauthorized access, the hackers disseminated false information regarding an airdrop event. Users are strongly advised to exercise caution and refrain from engaging with any suspicious posts or clicking on any links provided by these bad actors. The fraudulent posts contained phishing attempts aimed at compromising unsuspecting users' personal information and digital assets. It is crucial to prioritize online security and remain vigilant against such cyber threats. #GOATMoments #Binanceturns6 #BTC
On July 7, a group of malicious hackers successfully compromised the Twitter accounts of Aptos Network and its CEO, Mo Shaikh. Exploiting this unauthorized access, the hackers disseminated false information regarding an airdrop event. Users are strongly advised to exercise caution and refrain from engaging with any suspicious posts or clicking on any links provided by these bad actors. The fraudulent posts contained phishing attempts aimed at compromising unsuspecting users' personal information and digital assets. It is crucial to prioritize online security and remain vigilant against such cyber threats. #GOATMoments #Binanceturns6 #BTC
