INSOMNIAC
INSOMNIAC
ETH-5.37%
Looks like the Multichain saga has not yet ended with 401 ETH hacked by MEV bots from the Multichain Router V4 If not a white hat exercise then it means that those impacted by Multichain's fall will possibly see less funds returned.
Chaofan Shou (svm/acc)
Chaofan Shou (svm/acc)
Someone forgot to revoke approvals for Multichain Router V4, resulting in a 401 ETH instant hack by MEV bots. They first swapped 200ETH for WETH, which got immediately extracted. Then, they tested 1ETH and got extracted. Finally, they tried 200ETH and got extracted again.
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KPMG was appointed the liquidator based on court proceedings which judged in favour of Fantom Foundation So guess we'll see what the liquidators actions moving forward based on this will be
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