We are aware of the concerns and uncertainties resulting from the Multichain incident in July.
25 Aug 2023, 19:23
GM!
We are aware of the concerns and uncertainties resulting from the Multichain incident in July. We’ve been engaged from the beginning; assessing impact, working to mitigate risk, and planning next steps. We will cover that in a moment but first and foremost we want to express our empathy for those who have been affected.
With regards to impact, multichain was not a major bridge for Moonbeam. Therefore Moonbeam did not experience a significant impact. While Moonbeam avoided serious damage, we recognize the interconnected nature of the decentralized ecosystem and the ripple effects that such incidents have on our community members. Multichain was the primary bridge for Moonriver for Ethereum Mainnet assets and approximately $6.8M USD was transferred to another address. While the DAI and WBTC have since been transferred elsewhere, the majority of the assets have not moved since. It is our understanding that USDT and USDC assets have been frozen.
We have been gathering information and collaborating with relevant entities to better understand the situation over the past month and a half. Our primary goal has been to ensure that our platform remains secure and that our community is equipped with accurate information.
For those affected, we encourage you to stay vigilant, double-check information sources, and avoid making hasty decisions based on rumors or unverified news. While we navigate this situation, please know that your concerns are being heard, and we are doing our utmost to address them in the best possible manner. Our primary focus at this time is partnering with a new bridge for Moonriver assets. We will provide more information to the community as it becomes available.
Your trust is invaluable to us, and we are here to support you every step of the way. We thank you for your patience and understanding during these challenging times. We remain committed to open dialogue and transparency with our community. Your insights, feedback, and perspectives are invaluable to us, and we welcome any discussions or suggestions you may have.