Users Told Revoke All ‘Contract Approvals Related to Multichain’
Hey there, Lolacoin readers! We’ve got some news for you about the Multichain cross-chain protocol. Brace yourself for the bad news and the good news!
The Bad News:
- Just recently, Multichain informed its users about an abnormal transfer of “lockup assets to an unknown address.”
- The team is currently investigating and unsure of what happened.
- It has been over a month since the disappearance of Multichain’s CEO, Zhaojun.
- Previously, the protocol faced disruptions due to router technology problems.
- Several chains were affected, including Kekchain, Publicmint, Dyno Chain, Red Light Chain, Dexit, Ekta, HPB, ONUS, Omax, Findora, and Planq.
The Good News:
- Binance CEO Changpeng Zhao confirmed that the incident does not affect Binance users.
- Binance has already taken measures to ensure the safety of its assets and is willing to help with the situation.
- A Twitter user named Oxloki suggests that the attacker may not be a hacker based on their analysis.
- Kyber Network, a blockchain-based liquidity hub, urges users to revoke permissions and not use any Multichain service.
- DIP Exchange, a decentralized exchange platform, remains determined to continue building despite the incident.
Hot Take: It’s crucial for Multichain users to suspend its services and revoke all contract approvals. Stay safe out there and keep an eye on the latest updates!
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