Multichain resumes transaction processing after nearly 4 months of outage

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117 days have passed since Multichain was hacked on July 6, 2023, and outstanding transactions are just starting to be confirmed.

According to the blockchain data, some transactions are confirmed on the target chain, while other transactions appear as confirmed but not on the target chain in the multi-chain explorer.

Multichain becomes the largest cross-chain hacker attack in 2023, with losses exceeding $126 million

🚨Updated🚨 July 6, @MultichainOrg Facing a $126 Million Hack! We have detected it in real time👇

🚀Exciting news today though! @MultichainOrg Processing of bridge transactions has resumed after 117 days of downtime.

💼 Multiple bridge transactions were successfully completed.
🛡️We are so close… https://t.co/KoizCgXYeJ pic.twitter.com/Nw4muay5xE

— 🚨 Cyvers Alerts 🚨 (@CyversAlerts) November 1, 2023

Multichain confirmed the transaction on November 1, 2023. Source: Multichain.org.

Notably, a mysterious account began depositing large amounts of funds into Multichain immediately after it resumed its transaction processing backlog. This shows that the sender is confident that the protocol is truly out of the crisis and functioning normally again.

On November 1, an account on Ethereum deposited multiple funds into Multichain. Source: Etherscan.

However, even though transaction processing has resumed, multi-chain and multi-chain explorers still pose a number of potential risks. Therefore, investors should not use browsers with the Metamask wallet extension to access multi-chain browsers to avoid becoming a “bait” for hackers. At the same time, the use of multiple chains will be restricted before the official release of project security announcements.

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