SpiritSwap previously had its entire treasury drained due to the ongoing Multichain exploit.
Fantom Price Index
Over $1.5 billion of users’ and enterprises’ assets were held on Multichain prior to the arrest of its CEO, Zhaojun He.3145
Fantom’s TVL dropped from over $364 million in early May to about $70 million on July 14. At its peak in 2022, Fantom’s TVL topped $7.5 billion.22004
The $29 million TVL lending platform is shutting down because its oracles are misreporting Multichain token values after the exploit.4861
A phishing link was included in the tweet and shared with the affected users of the hack, leading them to believe it was associated with the Fantom Foundation.7303