It appears that the hacked cross-chain protocol Multichain has seen some activity on its platform. Transactions have been confirmed, and the backlog of queued transactions has diminished to only one, as per data from Multichain’s Explorer tool. Blockchain data also indicates that while some transactions have been confirmed on the destination chain, others are yet to reflect on the destination chain, though they are marked as confirmed in Multichain Explorer.
However, it’s important to note that due to the recent hack, users with MetaMask wallet extension installed are being warned when trying to access the Multichain Explorer. For those interested in viewing the platform, it is advisable to use a browser that does not have a Web3 wallet installed. The safety of the site and connecting it with a wallet app is not recommended by Cointelegraph.
From the available data, the transactions seem to be originating from a limited number of addresses. This may be indicative of either the attacker moving funds or part of the recovery efforts by the Multichain team. As of the last update at 9:30 pm UTC, the Multichain Explorer listed a single transaction as pending.
Looking at the Multichain block explorer, transactions resumed around 9 am on Nov. 1. Examples of these transactions include a deposit of approximately 20 Dai from Ethereum to Avalanche, which was confirmed on Avalanche at 1:56 pm UTC. However, another transaction of 0.1 Bitcoin from Ethereum to Polygon at 2:44 pm shows as confirmed on the Multichain block explorer, but it is yet to be confirmed on Polygon. The blockchain analytics platform Cyvers Alerts observed the resumption of transactions and shared this information on X (formerly known as Twitter). The data also suggests that some sending accounts had multiple transactions on Nov. 1, indicating confidence in the protocol’s functionality.
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