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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. 
Delving into the Blockchain Project SXP and the SXP Token
Originally, SXP was conceived as the Swipe cryptocurrency project with the principal goal of constructing a user-friendly wallet and trading tools for transacting goods with cryptocurrency assets. Later, the project propelled its own blockchain, thereby considerably expanding its potential. Atomic Wallet Provides Update On $100 Million Exploit
In a recent blog post, Atomic Wallet provided an update on the hack incident that occurred on June 3, stating that there have been no new confirmed cases since the initial reports. The company reiterated that less than 0.1% of app users were affected, a claim that has faced skepticism from many online. 
Atomic Wallet Security Breach Update
In a recent update, Atomic Wallet has confirmed that less than 1% of their user base was affected by the security breach. The company, in collaboration with dedicated blockchain investigators, has been working diligently to track and recover the stolen funds. Their efforts are focused on minimizing the impact of the breach and restoring confidence within the community. Tornado Cash Attack: Governance Restoration Proposal Passed
Last week, the TORN token witnessed an impressive surge of nearly 10%. This unexpected rise follows a groundbreaking proposal from the attacker’s wallet address, which had previously compromised the DAO’s governance. The proposal aims to reverse the malicious actions and restore integrity to the system. 
An Exclusive Interview with Trustee CEO Vadym Grusha
During the Incrypted Web3 conference in Kyiv, we managed to secure an engaging discussion with Vadym Grusha, the co-founder and CEO of Trustee Wallet. Our conversation covered a wide range of topics, including the unique features and advantages of the Trustee service, its challenges and hurdles, along with Grusha's personal insights on the regulation of the crypto market in Ukraine and the world. SafePal+SFP: The Dynamic Duo Guarding Your Crypto!
SafePal offers a suite of crypto storage solutions, including the credit-card-sized S1 hardware wallet. With over 3 million users from 196 countries, SafePal combines security with accessibility. Additionally, the SafePal ecosystem includes the SFP token, which can be used for various utilities. 
Belgium’s Financial Services and Markets Authority (FSMA) has taken action against Binance, instructing the popular cryptocurrency exchange to immediately stop offering any virtual currency services in the country.
In a statement released on Friday, the FSMA emphasized that individuals and firms governed by Belgian law, but not belonging to the European Economic Area, are prohibited from offering exchange services involving virtual currencies and legal currencies, as well as custody wallet services.
Failure to comply with this order could result in criminal sanctions, as warned by the regulator. 
What is the "Red Pill Attack"?
ZenGo, a cryptocurrency wallet team, recently discovered a vulnerability within the Web3 transaction simulation of various popular asset storage solutions. The issue was promptly addressed by developers, with a comprehensive report on the matter published shortly after. 
Wallet War: Trezor Triumphs as Ledger Faces Backlash
Hardware wallet provider Trezor has reported a 900% surge in sales week-on-week, following the controversial seed recovery feature introduced by rival company, Ledger. Trezor CEO Matěj Žák emphasised the firm's commitment to user privacy and secure storage of seed phrases, stating that remote seed phrase extraction is impossible due to the open-source nature of their operations.