The Multichain bridge, which came to the fore with the hacking event it experienced before, faced a hacking event again yesterday.
Making a statement about the hack event, the Multichain team stated that they were faced with an unexpected event and said that all users should suspend the use of Multichain services and cancel all Multichain-related transactions.
In this incident, it was stated that hackers exploited a vulnerability in the bridge's smart contract to steal millions of dollars worth of cryptocurrencies, including Wrapped Bitcoin (WBTC), USD Coin (USDC), Dai (DAI), and Wrapped Ether (WETH).
After the hack, Binance CEO CZ also made a statement regarding the incident.
Stating that Binance and Binance users were not affected by the hack on Multichain, CZ used the following statements:
“It looks like there was another attack on Multichain.
This event does NOT affect Binance and users on Binance. Some time ago we swapped all the assets and closed the deposits. Whatever happens, we express our readiness to assist the situation.
Stay SAFU.”
Looks like another hack happened on Multichain. This DOES NOT affect users on @Binance or @Binance itself. We have swapped all assets out and closed deposits a while back. Regardless, we offer our assistance in helping with the situation.
Stay #SAFU. https://t.co/GGInbxFkic
— CZ 🔶 Binance (@cz_binance) July 7, 2023
Binance previously said that it has suspended deposits and withdrawals for various Multichain-linked altcoins as of July 7, 2023.
