Ethereum Address Connected to Multichain Hack Blacklisted

Ethereum. Crypto currency. Ethereum golden coin on a chart. Blockchain technology

Stabelcoin issuer Tether has blacklisted an Ethereum address said to be involved in a $3-million hacking scheme that targeted Multichain users.

Source: Coindesk

USDT is down 0.01%, while ETH is down 2.41%.

The address said to have over $715,000 worth of USDT has been frozen, with the owner of the account blocked from moving funds as long as the blacklist remains in place.

The wallet address is said to be involved with hackers who amassed $3 million worth of cryptocurrency from Multichain users nearly a month ago, based on data from block explorer site Etherscan.

The Multichain hack was found to be made through security vulnerabilities, which was already flagged by the team behind the project back in January. Tether has yet to comment on the matter.

Tether started to blacklist addresses after an incident involving $30-million worth of USDT in 2017.


Best 5 DeFi Projects to Follow In 2022

Previous article

Singapore’s DBS Set to Launch Crypto Retail Trading Desk

Next article

You may also like


Leave a reply

Your email address will not be published.

More in News