Fantom (FTM) Founder Andre Cronje Says Multichain Hack Was a ‘Big Blow’ to Ethereum Rival’s Ecosystem
Ethereum Ang Tagapagtatag ng Fantom (FTM) na si Andre Cronje ay nagsabi na ang Multichain Hack ay isang Malaking Dagok sa Ecosystem ng Ethereum Rival 8 minuto ang nakalipas Balita ng Ethereum ng Bitcoin Fantom (FTM) creator Andre Cronje says that the recent exploit of cross-chain bridge Multichain was a massive setback for the Ethereum (ETH) rival. Writing in the communitys forum, Cronje says that the Fantom team was misled about the true security level of Multichain. Cronje also says that he and his team plan to seek solutions that will make all victims of the Multichain hack whole. Multichains Fantom bridge was exploited for at least $126 million as bad actors were able to steal a number of coins, including crypto assets such as Chainlink (LINK), Wrapped Bitcoin (wBTC), Wrapped Ethereum (wETH) and a trio of stablecoins. According to market analytics tool DefiLlama, Fantoms total value locked (TVL) has fallen drastically, from $200 million before the incident to $67 million today. Multichain has since shuttered its operations, saying that its CEO was arrested by Chinese authorities in May and has not been in contact with the blockchains team ever since.