Circle, Tether freezes over $65M in belongings transferred from Multichain

Stablecoin issuers Circle and have frozen over $65 million in belongings tied to the suspected exploit of cross-chain router protocol Multichain. The transfer follows unexplained massive outflows from the Multichain MPC bridge on July 6.

In accordance to the data graph protocol 0xScope, three addresses that obtained no less than $63.2 million in (USDC) from Multichain are actually frozen. One other report from the Fantom Basis notes that greater than $2.5 million in Tether (USDT) had additionally been frozen from two addresses listed by Etherscan as “Multichain Suspicious Addresses.“

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