TechFlow News, July 7: Multiple bridge contracts operated by Multichain experienced significant abnormal outflows of various tokens. This includes nearly all assets held in Multichain's Fantom bridge across wBTC, USDC, USDT, and several altcoins, with a total value exceeding $130 million. Additionally, Multichain's Moonriver bridge contract saw an outflow of $6.8 million worth of tokens.
Assets transferred from the Multichain Fantom bridge include at least $20 million in altcoins such as DAI, LINK, and USDT sent to an address starting with 0x9d57. Other transferred assets include 1,023 wBTC (approximately $30.9 million), 7,214 wETH (around $13.6 million), and $57 million in USDC.
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