Multichain Hack Worsens as Loss of Funds Reaches $3M: Report

Multichain Says Around $1.4M Ether Siphoned From Users Who Failed to Update Approvals

The saga started earlier this week when Multichain instructed its users to remove approvals for six tokens, warning that otherwise their assets would be exposed to a security vulnerability. The tokens were WETH, PERI, OMT, WBNB, MATIC and AVAX. Multichain tweeted on Tuesday that hackers had siphoned about $1.4M in wrapped ether from users.

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