Circle Freezes $63 Million In USDC Following Multichain Breach

Circle, the issuer of USD Coin (USDC), has frozen $63 million from three wallet addresses connected to the Multichain cross-chain bridge platform hack. Security company PeckShield revealed in a tweet on Friday that Circle has frozen $27.65 million, $30.1 million, and $5.5 million in three wallet addresses that experienced a significant outflow of funds from Multichain following the security breach. Digital assets worth $126 million were mysteriously moved from Multichain’s bridge deployments on Fantom, Moonriver, and Dogechain to various third-party wallets, prompting the intervention. Multichain says it is investigating after’suspicious’ transfer of assets Multichain affirmed the security occurrence in a The post Circle Freezes $63 Million In USDC Following Multichain Breach appeared first on Cryptoknowmics-Crypto News and Media Platform .