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Approximately $125 million worth of multi-chain assets has been observed flowing out of the cross-chain protocol Multichain into multiple wallets. As a response, the Multichain team has temporarily halted the protocol, without providing a specific timeline for recovery.
Some analysts suggest that the situation may not be a result of a hacker attack. They point out that the asset transfer occurred gradually, with a small test transfer of 2 USDC before the larger outflow. Each asset was transferred to an independent wallet, and no further actions such as swapping or mixing took place. The receiving wallets remain completely clean.
Considering the technical characteristics of Multichain, it is possible that the transferor gained control of private key fragments exceeding the threshold through some means. The investigation into this potential exploit is ongoing. PolyNetwork has been breached once again
In a recent crypto hack, the attackers exploited a smart contract function in PolyNetwork’s bridge tool, a cross-chain protocol, resulting in the issuance of billions worth of various tokens. The attackers manipulated the bridge to create tokens that didn’t actually exist on certain networks. 
Stably Unveils BRC-20 Stablecoin
Crypto startup Stably has unveiled Stably USD, a dollar-backed stablecoin aimed at transforming trading within Bitcoin’s thriving on-chain economy. The company asserts that its stablecoin offers a more cost-effective and efficient trading experience compared to fiat or Bitcoin itself. 
Keep Network: An Overview of the Privacy-Focused Infrastructure
Keep Network serves as a platform for storing encrypted private data on a public blockchain. The system comprises off-chain data containers known as "keeps". This groundbreaking infrastructure opens the door for developers to design fully private dApps and smart contracts. 
Explore DAO Maker: Your Key to High-Yield Opportunities
Get an in-depth look at DAO Maker, a leading venture capital hub and the largest on-chain launchpad for tokenized businesses. Its unique DAO Pad allows token owners a chance to participate in early token sales from carefully vetted blockchain startups. Learn more about its background, tokenomics, and other project details in our article. Dusk Network (DUSK): The Confidential Chain for dApps
Dusk Network is a blockchain protocol designed to prioritize confidentiality, enabling the development of dApps that utilize zero-knowledge proofs. This solution is built on a proprietary L1 network, which boasts an asset tokenization platform, a virtual machine, and smart contract functionality. 
Nexa: L1 Blockchain from Bitcoin Unlimited Developers
Nexa is a Layer-1 blockchain that utilizes the Proof of Work consensus mechanism and aims to become the most scalable base chain. This decentralized ledger is designed to process more than 10 billion transactions per day or 100,000 transactions per second. 
