MultiChain users at risk of being hacked as Six Cross-Chain Tokens Suffer Security Vulnerability
Multichain (formerly Anyswap), a Cross-Chain Router Protocol (CRP) that allows interoperability of on-chain assets, has warned its users that they may be at risk of being hacked. To avoid this risk, users were advised to revoke wallet permission for 6 tokens listed on the platform.
Multichain guides users on how to reduce the risk of being hacked
According to a blog post by Multichain (MULTI), a vulnerability has been found affecting six cross-chain tokens on its platform. The vulnerability was detected and fixed by crypto security company Dedaub. However, platform users will need to log in to the six affected tokens, including Wrapped Ethereum (weth), PERI Finance (PERI), Mars Token (OMT), Wrapped Binance Coin (WBNB), Polygon (MATIC), and revoke the granted wallet permissions. ) and Avalanche (AVAX).
Multichain adds that although the technical details of the threat have not yet been revealed, all other assets on the platform are safe. It also provides guidance on how users can revoke permissions for affected tokens.
Multichain was previously subject to a hack attack last July, while it was still Anyswap. The V3 bridge was exploited as hackers seized more than $3 million in USDC and magic internet money (MIM). Currently, the platform has over $8 billion in total value locked, consisting of over 1,300 tokens from 10 different blockchains.
Malicious actors are already attacking crypto platforms in 2022
Multichain wasn’t the only platform to report a security risk on its platform this year. Crypto.com became the first centralized crypto exchange to fall victim to a cryptocurrency attack in the new year. Numerous user complaints have emerged about their crypto balances mysteriously decreasing, with some reports stating that all their crypto has been lost. Crypto.com has addressed the issue. It announced in a tweet that it had stopped all withdrawals and assured users that funds were safe.
In another attack this year, CityDAO, a decentralized land ownership platform, fell victim to a $95,000 hack by scammers on gaming instant messaging site Discord. The latest wave of attacks comes after the crypto space saw more than $10 billion worth of crypto stolen in DeFi last year, according to an estimate from Immunefi, and cex attacks as well as rug-pulling and crypto scams.
✓ Share:
Olivia’s interests include Cryptocurrency and the NFT and DeFi industry. She remains as fascinated by cryptocurrencies as she was in 2017, when she first started reading about them. She is actively searching for the latest stories on Crypto. When she’s not writing, she’s cooking meals for her pet chihuahua or whipping up vegan recipes. Contact me [email protected]
The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. Neither the author nor the publication accepts any liability for your personal financial loss.
#MultiChain #users #risk #hacked #CrossChain #Tokens #Suffer #Security #Vulnerability
