Multichain, a cross-chain bridge protocol formerly known as Anyswap, suffered a major security breach in July 2023 that resulted in over $210 million in losses across multiple blockchains, including Fantom, Ethereum, BNB Chain, Cronos, and Polygon

Event date

July 1, 2023

Quotes that support claims

In July 2023, the Multichain Foundation experienced abnormally large outflows, later confirmed as a hack, leading to the loss of assets across multiple chains, including Fantom, Ethereum, BNB, Cronos and Polygon. Blockchain security firm Beosin and Fantom estimated in an August 2023 report that the total losses for all chains were at least $210 million.

Multichain, a cross-chain bridge protocol formerly known as Anyswap, suffered a major security breach in July 2023, which led to an estimated $210 million being drained from multiple blockchain networks, including Fantom, Ethereum, BNB Chain, and others.

Tags

Week 26 of 2023