Interested in reading more? Subscribe to Forbes’ CryptoAsset and Blockchain Advisor here. It has been developed as the successor to the legendary DOS file-manager XTreeGold. The high amount of liquidity held in bridge protocols make them extremely susceptible to hacks, and in 2022 accounted for nearly $2 billion worth of stolen funds,70% of all crypto hacks in the year. Ztreewin V2 Keygen ZTreeWin ZTreeWin is a fast and flexible text-mode file/directory manager for all versions of Windows. The bridge would hold the token from one chain and create a wrapped token of the second chain, each transaction temporarily worth double. It traded above $7.50 in the days before the company lost contact with Zhaojun.Ĭross-chain bridges were a once-popular way to connect two blockchains. Multichain’s token is down 6% to $2.81 a piece since the hack was first reported by the team.
In May, days before Multichain announced it could not reach Zhaojun, Binance said it would halt deposits into Binance Smart Chain from 10 Multichain-associated bridged tokens after users reported delayed and stuck transactions.īinance CEO Changpeng Zhao, said that the latest hack did not impact Binance users, citing May’s decision to close deposits and adding in a Tweet that the exchange had already swapped all assets associated with Multichain bridges The road for the bridge protocol has not been easy since. Previously known as Anyswap, Multichainwas first hacked in 2021 when attackers siphoned $8 million worth of stablecoins out of the protocol.
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