CryptoMediaClub
Tuesday, July 29, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Blockchain

Coinbase Halts MULTICHAIN Trading Amidst Security Concerns – Other Assets Affected Too

27.08.2023
A A
0
124
VIEWS
ShareShare

Coinbase, the leading US-based cryptocurrency exchange, has issued a trading halt for the crypto asset connected with the bridge platform Multichain (MULTI), with the decision slated to take effect on September 6th. The move comes in response to a warning from Multichain itself, which urged its users not to use its services.

Multichain has been dealing with several issues, including the mysterious disappearance of its CEO, Zhao Jun. Earlier this year, the platform’s team warned that Zhao Jun was missing amid persistent technical difficulties. “The team has gone to great lengths to keep the protocol operational, but our attempts to reach CEO Zhaojun and secure essential server access for maintenance have hit a brick wall,” the business bemoaned.

PeckShield, a cybersecurity organization, has uncovered a shocking incident in which malicious actors successfully siphoned off a stunning $126 million in assets through Multichain’s Fantom (FTM) bridge. The developers halted the project because of this high-profile security issue, leaving all bridge transactions stuck on the source chains. In a sad statement, the business admitted, “The Multichain service is currently offline, and the resumption of services remains uncertain.” We highly advise against using the Multichain bridging service at this time.”

Coinbase, a cryptocurrency exchange pioneer, has a reputation for rigorously scrutinizing the digital assets it offers. The exchange just completed an evaluation of its listed cryptocurrencies to ensure that they match the exchange’s strict listing guidelines. As a result, not only Multichain (MULTI) but also five other assets, including BarnBridge (BOND), DerivaDAO (DDX), Jupiter (JUP), Ooki (OOKI), and Voyager (VGX), are facing support suspension across multiple Coinbase platforms, including Coinbase.com (Simple and Advanced Trade), Coinbase Pro, Coinbase Exchange, and Coinbase Prime.

Security concerns remain a critical issue in the ever-changing cryptocurrency world. The Multichain story is a sharp reminder that even well-established platforms can be vulnerable. As Coinbase takes aggressive steps to protect its users and maintain its integrity, the cryptocurrency world waits with bated breath, hoping that security breaches will be confronted with firm action and that the sector will emerge more robust, secure, and resilient.

The post Coinbase Halts MULTICHAIN Trading Amidst Security Concerns – Other Assets Affected Too appeared first on BitcoinWorld.

Share10Tweet6ShareSharePin2

Related Posts

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei
Blockchain

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei

18.07.2025
0

Skip to content

Read moreDetails
Hashed stablecoin: South Korea’s Crypto Giant Unveils Bold Trademark Play

Hashed stablecoin: South Korea’s Crypto Giant Unveils Bold Trademark Play

17.07.2025
LA Token’s Strategic Move: Lagrange Foundation Considers Crucial Buyback for Price Stability

LA Token’s Strategic Move: Lagrange Foundation Considers Crucial Buyback for Price Stability

14.07.2025
Shocking Loss: Crypto Influencer Accidentally Burns $75K in PUMP Token

Shocking Loss: Crypto Influencer Accidentally Burns $75K in PUMP Token

14.07.2025
Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

08.07.2025
Load More
Next Post
Altcoins Show Positive Momentum Amidst Crypto Market Recovery Efforts

Altcoins Show Positive Momentum Amidst Crypto Market Recovery Efforts

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Bitcoin Dips Below Short-Term Holder Realized Price, Sparking $60k Fears

Bitcoin Dips Below Short-Term Holder Realized Price, Sparking $60k Fears

1 year ago
Temasek, Sequoia Capital, Softbank, leading VCs face lawsuit for “abetting” FTX fraud

Temasek, Sequoia Capital, Softbank, leading VCs face lawsuit for “abetting” FTX fraud

2 years ago
SEC With Green Light for Multiple Spot Ethereum ETFs, Launch Expected in Less Than Two Hours

SEC With Green Light for Multiple Spot Ethereum ETFs, Launch Expected in Less Than Two Hours

1 year ago
Top Crypto Gainers Today on DEXScreener – ELON, AMERICA, MONKE

Top Crypto Gainers Today on DEXScreener – ELON, AMERICA, MONKE

1 year ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Global stablecoin searches hit all-time high with Washington leading traffic

PayPal Expands Crypto Payment Acceptance in U.S.

US Seeks to Claim $2.4M Bitcoin Seized from Chaos Ransomware Group

Tron Inc. Registers $1B in Securities to Pivot Into TRX-Focused Crypto Treasury

Bitcoin ETFs Log Third Day of Gains as Ethereum Inflows Hit 17-Day Streak

Interactive Brokers Mulls Stablecoin Launch to Serve Users

Trending

The Future of Bitcoin BTC Income: EarnMining App Offers Stable Daily Rewards
All news

The Future of Bitcoin BTC Income: EarnMining App Offers Stable Daily Rewards

29.07.2025
0

EarnMining, a fast-growing name in digital finance, has officially launched a new BTC-based mobile earning app that...

93% of Financial Institutions Plan to Implement AI Agents in Compliance

93% of Financial Institutions Plan to Implement AI Agents in Compliance

29.07.2025
Major Breach Study Reveals Widespread Leaks of Bank Statements, SSNs, and Crypto Keys

Major Breach Study Reveals Widespread Leaks of Bank Statements, SSNs, and Crypto Keys

29.07.2025
Global stablecoin searches hit all-time high with Washington leading traffic

Global stablecoin searches hit all-time high with Washington leading traffic

29.07.2025

PayPal Expands Crypto Payment Acceptance in U.S.

29.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz