Multichain Says One Hacker Returned Over $800K
The cross-chain protocol said $1.9 million had been siphoned off by three hackers.
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
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CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Why it matters:
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
