Some Multichain transactions have been confirmed as queue wind
Hacked cross-chain protocol Multichain confirmed some transactions, and the log of queued transactions was reduced to just one transaction, according to data from Multichain's browser tool. Blockchain data confirms that some transactions are verified on the destination chain, while others are not on the destination chain, as verified on the Multichain browser.
Browsers with the Metamask wallet extension will display a warning when users try to view the Multichain browser because the protocol has been hacked. However, it can be viewed in a browser without Web3 Wallet. Cointelegraph does not recommend connecting to Multichain wallet, and the site itself may be insecure.
The transactions appear to come from a few addresses, indicating that they may be part of an attacker's money laundering attempt or another recovery effort by the group. As of 9:30 PM UTC, there is only one pending transaction listed on the Multichain browser.
According to Multichain Block Explorer, transactions began to be confirmed on November 1st at 9am.
Some transactions are verified on the destination chain. For example, a deposit of approximately 20 DAI was made from Ethereum to Avalanche, which was confirmed by Avalanche at 1:56 pm UTC. However, the 0.1 BTC deposit from Ethereum to Polygon at 2:44 shows as confirmed on Multichain block explorer but not on Polygon.
The blockchain analytics platform discovered that cybers had resumed transactions in the morning, and leaked the information to X (formerly Twitter).
UPDATE On July 6th, @MultichainOrg suffered a $126M hack! We got the right time
But today's exciting news! @MultichainOrg has started running bridge transactions after a hiatus of 117 days.
Many bridge transactions have gone through successfully. ️ We are close… pic.twitter.com/Nw4muay5xE
— CyversAlerts (@CyversAlerts) November 1, 2023
Some shipping accounts show multiple transactions on November 1, indicating that the sender is confident that the protocol is working properly.
This is a developing story, and more information will be added as it becomes available.
