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Coin Edition 2023-07-07 10:35:44

Fantom Foundation Remains Resilient as Multichain Faces Crisis

In a startling episode, Multichain recently weathered a hefty outflow of $125 million in multichain assets from its cross-chain protocol. The Fantom Bridge bore the brunt of this exodus, witnessing a $122 million drain from its entire portfolio of wBTC, USDC, USDT, and other altcoins. Consequently, the platform announced a temporary suspension of its services. The post Fantom Foundation Remains Resilient as Multichain Faces Crisis appeared first on Coin Edition .

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