Queue Unwinds Confirm Multichain Transactions: Report
The last transactions occurred 117 days before Nov. 1, as recorded by Multichain’s Explorer tool. Data from Multichain’s explorer shows that the hacked cross-chain protocol Multichain has confirmed some transactions.
It has also reduced the number in the queue to just one. The destination chain records some transactions as established, and the Multichain Explorer records others but not on the destination chain.
Promptly alert users trying to view on the Multichain Explorer that browsers with the MetaMask wallet extension display a warning due to a hacking incident on the protocol.
Nevertheless, one can view it using a browser that has not been equipped with a Web 3 wallet. The website is safe, but one should not connect to Multichain using the wallet app does not support.
These transactions address a few instances and relate to the attacker’s attempts to move money or the team’s efforts at recovery. As of 9: There is just one remaining on-chain transaction at 18:0 PM UTC, as per Multichain’s Explorer.
Multichain Explorer: Nov. 1 Transaction Insights
Multichain block Explorer reports that confirmations began at around 9 am on Nov. 1. The destination chain has been confirmed in some of the transactions. For instance, about 20 Dai deposit.
On the source side of operations, we confirmed certain transactions. For example, we deposited approximately 20 Dai from Ethereum to Avalanche at 1:56 pm UTC, established on Avalanche.
Ethereum guaranteed 0.1 Bitcoin to Polygon at 2, showing 44 on the Multichain blockchain. However, it is not verified on Polygon.
The blockchain analytics platform notices the resumption of transactions in the morning. It publishes its report on the X (ex-Twitter) platform.
🚨UPDATE🚨 On July 6th, @MultichainOrg faced a $126M hack! We have detected real time 👇
🚀But today exciting news! @MultichainOrg has resumed processing bridge transactions after 117 days of downtime.
đź’Ľ Many bridge transactions successfully went through.
🛡️ We're closely… https://t.co/KoizCgXYeJ pic.twitter.com/Nw4muay5xE— 🚨 Cyvers Alerts 🚨 (@CyversAlerts) November 1, 2023
Related Reading | Diverse Scaling Approaches For Ethereum Layer 2s: Vitalik Buterin
The sending account, in some instances, shows several transactions for Nov.1, which means that the sender trusted the protocol to be correct.
Rida Fatima
News writerRELATED STORIES
MORE ON NEWS
Ethereum ETF Application Withdrawn by Grayscale Ahead of SEC Decision
Grayscale has unexpectedly withdrawn its application for an Ethereum (ETH) futures exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC). The applicant’s withdrawal would have compelled the securities regulator to make a decision on the application three weeks earlier. The cryptocurrency asset manager filed a notice to withdraw the Grayscale Ethereum Futures […]
Bitcoin’s 200-Day Moving Average Hits All-Time High, Bullish Outlook
A key technical indicator traders and analysts use to predict Bitcoin’s long-term price trends has reached an all-time high, suggesting a bullish outlook for the cryptocurrency’s future. Bitcoin’s 200-day moving average, which aims to smooth out short-term price fluctuations by taking the average of the last 200 days’ closing prices, hit $50,178 on May 6th, […]
Grayscale’s Spot Bitcoin ETF Sees Second Day of Net Inflows
Grayscale’s spot Bitcoin exchange-traded fund (GBTC) saw its second daily net inflows on May 6, drawing in $3.9 million into the converted trust, according to data from Farside Investors. As a result, the overall US spot Bitcoin ETF market recorded net positive inflows of $217 million. GBTC ended its 78-day streak of net outflows last […]
TOPICS
RELATED STORIES
MORE ON NEWS
Ethereum ETF Application Withdrawn by Grayscale Ahead of SEC Decision
Grayscale has unexpectedly withdrawn its application for an Ethereum (ETH) futures exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC). The applicant’s withdrawal would have compelled the securities regulator to make a decision on the application three weeks earlier. The cryptocurrency asset manager filed a notice to withdraw the Grayscale Ethereum Futures […]
Bitcoin’s 200-Day Moving Average Hits All-Time High, Bullish Outlook
A key technical indicator traders and analysts use to predict Bitcoin’s long-term price trends has reached an all-time high, suggesting a bullish outlook for the cryptocurrency’s future. Bitcoin’s 200-day moving average, which aims to smooth out short-term price fluctuations by taking the average of the last 200 days’ closing prices, hit $50,178 on May 6th, […]
Grayscale’s Spot Bitcoin ETF Sees Second Day of Net Inflows
Grayscale’s spot Bitcoin exchange-traded fund (GBTC) saw its second daily net inflows on May 6, drawing in $3.9 million into the converted trust, according to data from Farside Investors. As a result, the overall US spot Bitcoin ETF market recorded net positive inflows of $217 million. GBTC ended its 78-day streak of net outflows last […]