In a dramatic twist, one of this week’s Multichain hackers has returned 322 ETH ($974,000 at the time of writing) to the cross-chain router protocol and one of the affected users.However the hacker kept 62 ETH ($187,000) as a “bug bounty”, and a total of 528 ETH (worth $1.6M) remains outstanding after the exploits. Earlier this week, news emerged of a security vulnerability … [Read more...] about Multichain hacker returns 322 ETH, keeps hefty finders fee
MultiChain
Multichain under fire from users as hacking losses grow to $3M
Hackers have continued to exploit a critical vulnerability in the cross-chain router protocol (CRP) Multichain that first appeared on Jan 17.Earlier this week, Multichain urged users to revoke approvals for six tokens to protect their assets from being exploited by malicious individuals. However Multichain's announcement on Jan. 17 encouraged more hackers to try the exploit. … [Read more...] about Multichain under fire from users as hacking losses grow to $3M
Multichain asks users to revoke approvals amid ‘critical vulnerability’
Cross-chain router protocol Multichain (formerly Anyswap) urges users to revoke approvals for six tokens to avoid loss due to a “critical vulnerability” that is currently being exploited by malicious individuals.Users who approved WETH, PERI, OMT, WBNB, MATIC and AVAX on the Multichain platform are now at risk, experts warn. To avoid loss, the Multichain team advises users to … [Read more...] about Multichain asks users to revoke approvals amid ‘critical vulnerability’
Panther protocol co-founder Oliver Gale discusses bringing zero-knowledge technology to multi-chain
Privacy coins and zero-knowledge technology, which some use to obfuscate the identity of sends/receivers and transaction amounts, have gained enormous popularity in recent years due to mounting regulatory surveillance against the crypto sector. But despite their rapid rise in market cap, critics continue to scrutinize such class of assets as enablers for masking illicit … [Read more...] about Panther protocol co-founder Oliver Gale discusses bringing zero-knowledge technology to multi-chain
Vitalik Buterin on why cross-chain bridges will not be a part of the multi-chain future
In a much-publicized tweet this past week, Vitalik Buterin voiced his opposition to the use of cross-chain solutions by Ethereum and other blockchains, in favor of a multi-chain future.My argument for why the future will be *multi-chain*, but it will not be *cross-chain*: there are fundamental limits to the security of bridges that hop across multiple "zones of sovereignty". … [Read more...] about Vitalik Buterin on why cross-chain bridges will not be a part of the multi-chain future