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Cross-chain protocol Multichain bug gets exploited for $1.34 million

Quick Take A bug in cross-chain protocol Multichain has been exploited for $1.34 million, according to researchers. While the bug had already been fixed for new users, past users needed to take action to prevent themselves from being affected. Cross-chain protocol Multichain (previously known as Anyswap) has been exploited for $1.34 million — according to security researchers PeckShield. This occured through a bug that the platform had recently dislosed. On January 17, Multichain revealed that it had found a critical …

Binance Labs leads $60 million investment in Multichain

Binance Labs, the venture capital arm of the sprawling crypto exchange, has led a $60 million investment in Multichain, a cross-chain protocol. Sequoia China, IDG Capital, Three Arrows Capital, DeFiance Capital, Circle Ventures, Tron Foundation, Hypersphere Ventures, Primitive Ventures, Magic Ventures and HashKey all participated in the round alongside Binance Labs, according to a press release. Formerly known as Anyswap, Multichain builds infrastructure for a range of blockchains including Ethereum, Binance Smart Chain (BSC) and Avalanche. There is more than …