Fantom plans to petition a Singapore court to wind up the Multichain Foundation to recover millions it lost due to the Multichain exploit last year.
Fantom News
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Interpath Advisory has taken control of the HectorDAO Treasury after allegations of an ‘inside job’ hack.
3418The Fantom Foundation expects the changes will beef up Fantom’s security without slowing down the network.
2542In the aftermath of Fantom’s $550,000 hack in October, a security researcher found that the attacker could have stolen as much as $170 million.
4716The Fantom Foundation lost $550,000 worth of cryptocurrency through a vulnerability in the official Fantom wallet.
6425SpiritSwap previously had its entire treasury drained due to the ongoing Multichain exploit.
2985Over $1.5 billion of users’ and enterprises’ assets were held on Multichain prior to the arrest of its CEO, Zhaojun He.
3804Fantom’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.
22619The $29 million TVL lending platform is shutting down because its oracles are misreporting Multichain token values after the exploit.
5890A 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.
7631Multichain has suspended its operations after an unexplained transfer of crypto assets worth millions of dollars took place on July 6.
9074Developers will get a 15% cut of the fees they generate, but only if their app has done more than 125,000 transactions and has existed for three months.
3112Despite similar price action, Fantom and Optimism ecosystems are moving in opposite directions and this is reflected in each token’s price.
3128As per technical data, the FTM market has turned overbought after rallying 230% in five weeks, with the coin’s momentum slowing down compared to the price boom.
4477Bitcoin bulls look to push BTC price to $24,000 and in doing so, LTC, AVAX, APT and FTM could extend their monthly gains.
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