On July 7th, blockchain security company PeckShield published a tweet stating that Multichain has withdrawn a total of 130 million USD from the Fantom, Moonriver, and Dogechain networks.
By noon on the same day, the Multichain team officially addressed the incident. They announced that bridge transactions from the source chain would be temporarily suspended and advised users not to use the Multichain bridge at the current time.
The Fantom Foundation swiftly reassured holders and investors in response to the situation. They emphasized that the FTM token has never been issued or managed by Multichain.
The response from the Fantom Foundation not only aimed to reassure holders and investors but also demonstrated their commitment to building trust and fostering a strong community.