Sonic Labs stated that its legal action to liquidate Multichain aims to enable the recovery of stolen assets and create a mechanism for affected users to reclaim their funds and expressed hope that liquidators can retrieve the assets through collaboration with other parties

Event date

May 14, 2025

Quotes that support claims

“Going forward, the liquidators can now start working with other parties to initiate the process of trying to acquire funds that should eventually be returned to users if those legal proceedings are successful,” Kong said.

Kong added that lost funds in Multichain's exploit should eventually be returned to users if liquidators successfully work with other parties to acquire the funds. Sonic Labs previously said that its legal case aims to provide a pathway for other Multichain users to claim lost assets.

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Week 20 of 2025