$65M Frozen in Multichain Exploit: Circle and Tether Clamp Down
• Circle and Tether have frozen $65 million in assets tied to a suspected exploit of Multichain, a cross-chain router protocol. • Multiple ecosystems have been affected by the incident on July 6, which involved the withdrawal of over $125 million worth of cryptocurrencies from multiple wallets. • Multichain has suspended services amid uncertainty as investigations are ongoing to uncover what caused the abnormal asset transfers. Suspected Exploit Affects Multiple Ecosystems Stablecoin issuers Circle and Tether have taken action by
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