Share this article
Multichain Says One Hacker Returned Over $800K
The cross-chain protocol said $1.9 million had been siphoned off by three hackers.
Updated May 11, 2023, 3:40 p.m. Published Jan 20, 2022, 11:34 a.m.
Make us preferred on Google
Cross-chain protocol Multichain tweeted on Thursday that one white-hat hacker returned 259 ether, worth $813,000.
- Multichain said three hackers stole a total of 602 ether ($1.9 million). The chief technology officer of crypto wallet ZenGo, Tal Be'ery, told CoinDesk that one attacker stole at least 450 ether, and that the total funds stolen were around $3 million.
- The hacker who returned the funds kept $150,000, Be'ery said. The CTO found that other than the two main hackers, there were also some smaller players who exploited the vulnerability.
- The protocol, which was formerly known as Anyswap, told users on Monday to remove approvals for six tokens to protect their funds from a security vulnerability.
- Hackers were able to exploit the vulnerability and steal over $3 million in cryptos, according to a report.
Read more: Multichain Says $1.4M in Ether Siphoned From Users Who Failed to Update Approvals
STORY CONTINUES BELOW
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Bitcoin's Quantum threat is ‘real but distant,’ says Wall Street analyst as doomsday debate rages on
Wall Street broker Benchmark argued the crypto network has ample time to evolve as quantum risks shift from theory to risk management.
What to know:
- Broker Benchmark said Bitcoin’s main vulnerability lies in exposed public keys, not the protocol itself.
- Coinbase’s new Quantum Advisory Council marks a shift from theoretical concern to institutional response.
- Bitcoin’s architecture is conservative but adaptable, according to Benchmark analyst Mark Palmer, with a long runway for upgrades.
Top Stories
