Hacked Multichain Protocol Confirms Transactions as Queue Unwinds
Hacked Multichain Protocol
The cross-chain protocol Multichain, which recently suffered a hack, has provided an update on the status of its transactions. According to data from Multichain’s explorer tool, the backlog of queued transactions has decreased to just one. Some of these transactions have been confirmed on the destination chain, while others are only confirmed on the Multichain explorer but not on the destination chain.
Metamask Wallet Warning
Users attempting to access the Multichain explorer through browsers with the Metamask wallet extension receive a warning due to the hack. However, those without a Web3 wallet installed can still view the explorer. It’s important to note that Cointelegraph advises against connecting to Multichain with a wallet app as it may pose security risks. Exercise caution when accessing the site.
Multichain Confirmations and Deposits
The Multichain explorer provides a visual representation of the confirmations that occurred on November 11, 2023. It is evident that progress has been made in reducing the backlog of transactions. Additionally, a particular account made multiple deposits to Multichain on November 1, which further showcases the platform’s usage and potential.
Multichain’s efforts to address the hack and minimize the backlog highlight the importance of robust security measures in the blockchain industry. As the ecosystem continues to evolve, it is crucial for protocols to adapt and reinforce their defenses against potential vulnerabilities.
