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 disclosed.

“Someone is exploiting this literally right now. If you haven’t revoked approvals yet you should probably do so before it’s too late,” tweeted a Paradigm researcher known as Samczsun.

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