Fantom (FTM) Foundation took action to recover the stolen assets in the Multichain-related hacking incident last year.
On Multichain’s Phantom bridge in July last year A hack worth more than $130 million It happened. Fantom Foundation began looking for ways to liquidate the Multichain foundation in order to recover at least some of these assets. Current value of cryptocurrencies, which were worth $130 million in those days 200 million dollars There is a past.
by Phantom team Monday, March 4 In a blog post shared today, it was stated that the amount lost by the ecosystem was exploited from the Multichain bridge. Approximately one third of 210 million dollarsHe said he created it.
According to reports, at the beginning of this year Singapore High Courtentered a default judgment in favor of Fantom in its lawsuit against Multichain, alleging breach of contract and fraudulent misrepresentations. This is the phantom team legal victory in line with liquidator awaiting his appointment and returning their portion of the remaining assets in the Multichain.