Multichain potential hack; Tens of millions drained from Fantom, Moonriver, and Dogechain bridges so far

Multichain’s cross-chain bridge network was hit by a suspected exploit that drained roughly $125 million to $130 million, with losses concentrated in its Fantom bridge and also affecting Moonriver and Dogechain services. Reporting at the time said the team could not immediately explain where the funds were going and told users to stop using the affected bridges while it investigated the incident. The event mattered because Multichain was a major bridge provider, so the breach raised immediate questions about the security and backing of assets moving between chains, especially for users relying on wrapped or bridged tokens. The situation also intensified speculation about whether the incident was an external hack or an insider-driven drain, since Multichain had already been under severe pressure and later halted operations amid missing leadership and access to critical keys.

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• Multichain halts on suspected $130M hack, 1 month after CEO ... (blockworks.com)
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• The MultiChain Bridge Hack: A Wake-Up Call for DeFi Bridge Security (blog.bitfinity.network)
• Multichain Exploited for Another $100 Million as Experts Suspect an ... (dailycoin.com)

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