Multichain Says Around $1.4M Ether Siphoned From Users Who Failed to Update Approvals

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Multichain Says Around $1.4M Ether Siphoned From Users Who Failed to Update Approvals
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Around $1.4 million worth of ether stolen from MultichainOrg users after the cross-chain bridge instructed users to remove approvals for six tokens, citing security vulnerability. By egreechee

Because the users have to be the ones to remove the approvals, there isn't much Multichain can do, PeckShield told CoinDesk in a Twitter message.

$60 million in a seed round led by Binance Labs in December 2021.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a

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