Cross-chain protocol Stargate Finance generates $1.9B in TVL few days after launch
Stargate Finance, a cross-chain protocol, has witnessed massive growth in its first few days of launch, the protocol has amassed over $1.9 billion in total value locked (TVL). Stargate bills itself as a liquidity transit protocol that enables users to exchange native assets cross-chain, as well as providing decentralized finance (DeFi) users with the option […]
Multichain protocolrecovers about 50% of its stolen funds from hackers
Multichain protocol which was previously hacked due to vulnerabilities in January reported that it has recovered $2.6M of the total stolen funds. This amount makes up about 50% of the total funds stolen by hackers. Multichain, a cross-chain router protocol, announced the recovery of approximately half of the total stolen money, worth nearly $2.6 million […]
Users attack Multichain over security vulnerability leading to losses of over $3M
Cross-chain router protocol (CRP) Multichain, on January 17th first discovered a security breach on its network. However, hackers have continued to take advantage of the weakness in the chain with users having lost over $3M. Multichain asked users to rescind permissions for six tokens earlier this week to protect their funds from fraudulent persons . […]
Cross-chain protocol Multichain raises $60M in a seed funding round led by Binance Labs
Multichain, a cross-chain protocol has raised $60 million in a seed funding round led by Binance Labs, the venture capital arm of the Binance cryptocurrency exchange. The round saw some other investors in the crypto space in attendance. Multichain, which changed its name from Anyswap last week, has raised $60 million in a seed round […]