Tether freezes USDT addresses linked to the $130 million Multichain exploit
Tether Holdings, the issuer of the USDT stablecoin, has frozen two addresses on the Ethereum network that received funds from Multichain’s multi-party computation (MPC) address. The two addresses, currently flagged by Ethereum block explorer Etherscan as “Multichain suspicious addresses,” are claimed to collectively hold about 2.53 million USDT. Tether has frozen 2 addresses on Ethereum that hold about 2.53 million USDT: 0x9d5…2b68, 0x48B…4537. Both of these addresses have received funds from the Multichain team’s MPC address and are currently flagged by Etherscan as “Multichain Suspicious Addresses.”… — Wu Blockchain (@WuBlockchain) July 8, 2023 The stablecoin issuer’s action comes after a significant amount of multichain assets valued at approximately $130 million were reported to have flowed out of the Multichain cross-chain protocol under suspicious circumstances on July 7. Multichain’s Fantom (FTM) Bridge experienced an outflow...