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Project Overview
Multichain is a cross-chain routing protocol that meets the distinct needs of different blockchains to communicate with each other. Multichain strives to be the ultimate Router for web3.
Related news
Blockaid: WAX Multichain Bridge Under Attack, Approximately 53,000 USDC and Other Assets Stolen
according to Blockaid monitoring, the WAX multichain bridge on the WAX network is under attack, involving WAX, Solana, and Ethereum. The attacker withdrew mapped tokens on the WAX chain without paying the corresponding assets, while the bridge contracts on Solana and Ethereum still released the corresponding tokens. The attacker transferred approximately 52,986 USDC, 21,558 USDT, 840 DAI, 2.55 WETH, and 0.11 WBTC through 5 transactions. The scope of the incident's impact and whether losses are still expanding remain to be further confirmed.
BNB Plus to Raise $4.1 Million via Issuance of Convertible Preferred Shares
According to Businesswire, Nasdaq-listed digital asset treasury company BNB Plus announced it will raise $4.1 million through the issuance of Series B-1 and Series B-2 convertible preferred shares. Crypto-native institutional investors participating in the round include Comstock Multichain Fund, managed by Silvermine Capital Advisors, and Off the Chain LP. Proceeds will be used to increase its digital asset reserves, provide working capital support, and explore opportunities in AI infrastructure development. The company also disclosed that it currently holds over $16.4 million in cash and digital assets.