Blockchain

Multichain under fire from users as hacker losses rise to $3M

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hackers have continue to exploit A critical vulnerability in the Cross-Chain Router Protocol (CRP) Multichain that first surfaced on January 17.

Earlier this week, Multichain urged users to revoke approval of six tokens to protect their assets from malicious individuals.

However, Multichain’s announcement on January 17 encouraged more hackers to try to exploit the vulnerability. One person stole $1.43 million, another offered to return 80% and the rest as a tip. According to ZenGo Wallet co-founder Tal Be’ery, the amount stolen has now risen to $3 million.

Six supported tokens still exist affected by security breach Including WETH, PERI, OMT, WBNB, MATIC and AVAX.

Users took to social media to accuse the company of not giving them enough clear information or support about the situation.a user who lost $960,000 50 ETH available to the hacker’s address in exchange for the remaining funds.

The company claimed on Jan. 17 that the critical vulnerabilities affecting the six tokens are report and fix January 17th, but on January 19th, it reminds users again Revoke approval of tokens. Multichain has since shut down comments on its recent tweets.

Crypto Twitter Personality “ChainLinkGod” Say He was ‘very confused’ with the platform’s message, while ‘drarreg17’ ask How will Multichain “compensate users like me who are affected by exploits?”

RElation: Multichain asks users to revoke approval in ‘critical bug’

Disgruntled users who posted on the company’s Telegram group today complained that Multichain has not been able to address security flaws and provide its users with the support they seek.

According to Be’ery, the company contacted the stolen funds Since January 18th, and has offered hackers an “exploit bounty”.

Multichain (formerly Anyswap) envisions being the ultimate router for Web 3.0. The ecosystem supports 30 chains, including Bitcoin (BTC), Avalanche (AVAX), Ethereum (ETH), Fantom (FTM), Litecoin (LTC), and Terra (LUNA), and offers slippage-free exchanges.

With nearly $9 billion in TVL, it’s unclear when and how Multichain will address the situation. Cointelegraph has reached out to the project for comment.