On July 6, 2023, the cryptocurrency world was rocked by a significant exploit involving the multichain bridge. The exploit resulted in substantial outflows from the bridge, raising alarms across the industry. As a consequence of the exploit, the Multichain protocol made the difficult decision to suspend its operations, further highlighting the severity of the situation.
Among the most affected by this exploit was Fantom, a prominent player in the cryptocurrency space. The exploit saw assets totaling a staggering $130 million affected within Fantom’s ecosystem. This sudden and substantial loss underscored the vulnerability of even the most robust platforms within the crypto realm.
In a recent turn of events, there came a glimmer of hope for Fantom and its affected stakeholders. The High Court of Singapore delivered a default judgment ruling in favor of Fantom Foundation on January 30, 2024. This ruling represents a significant milestone in the legal battle against the exploit, signa
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