CryptoMediaClub
Tuesday, July 8, 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

Tether USDT: Massive 1 Billion Minting Sparks Crucial Market Shift
Blockchain

Tether USDT: Massive 1 Billion Minting Sparks Crucial Market Shift

04.07.2025
0

Skip to content

Read moreDetails
Hancom With Pioneers RWA Space with Gold-Backed Stablecoin

Hancom With Pioneers RWA Space with Gold-Backed Stablecoin

03.07.2025
Stablecoin Revenue Soars: Companies Post Massive $10 Billion Annual Earnings

Stablecoin Revenue Soars: Companies Post Massive $10 Billion Annual Earnings

03.07.2025
Kazakhstan Crypto Reserve: Unlocking a Bold Future for National Digital Assets

Kazakhstan Crypto Reserve: Unlocking a Bold Future for National Digital Assets

30.06.2025
Web3 Security: GoPlus Unveils Crucial Clarification on Venus Protocol $2M Theft

Web3 Security: GoPlus Unveils Crucial Clarification on Venus Protocol $2M Theft

25.06.2025
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

Crypto Tax Law Firm Accuses Ex-Employee of Stealing Secrets for YouTube Videos

Crypto Tax Law Firm Accuses Ex-Employee of Stealing Secrets for YouTube Videos

1 year ago
Bitcoin drives digital asset inflows for the first time in 6 weeks: Report

Bitcoin drives digital asset inflows for the first time in 6 weeks: Report

2 years ago

Galxe Website Compromised, Balancer Hackers Likely Responsible

2 years ago
Spot Bitcoin ETF custody will be cheaper than several crypto exchanges if approved

Spot Bitcoin ETF custody will be cheaper than several crypto exchanges if approved

1 year ago

Categories

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

Highlights

London Duo Jailed for $2 Million Crypto Scheme

Bitcoin remains stuck in $100k-$110k band as retail and whales enter potential standoff

ChatGPT’s 42-Signal TON Analysis Flags Critical $2.70 Support Collapse After UAE Golden Visa Scandal

Pi Coin Price Prediction: Daily Volume Collapses Below $100M – Are Whales Dumping and Vanishing for Good?

DDC Enterprise’s Bold Bitcoin Move: Boosting Holdings to 368 BTC Signals Strategic Shift

BONK’s SOL Buying Spree Counters Pump.Fun $741M Sell-off – Can LetsBONK Trigger 70% Pump?

Trending

Vitalik Buterin Urges Crypto to Embrace ‘Copyleft’ Licensing to Revive Open-Source Ethos
All news

Vitalik Buterin Urges Crypto to Embrace ‘Copyleft’ Licensing to Revive Open-Source Ethos

08.07.2025
0

Ethereum co-founder Vitalik Buterin has called on the crypto community to shift toward “copyleft” licensing, arguing that...

[LIVE] Crypto News Today: Latest Updates for July 8, 2025 — Nasdaq-Listed Murano Global Adopts Bitcoin Treasury Strategy With $500M Backing

[LIVE] Crypto News Today: Latest Updates for July 8, 2025 — Nasdaq-Listed Murano Global Adopts Bitcoin Treasury Strategy With $500M Backing

08.07.2025
Software Developer Polaris Office Joins South Korea’s Stablecoin Craze

Software Developer Polaris Office Joins South Korea’s Stablecoin Craze

08.07.2025
London Duo Jailed for $2 Million Crypto Scheme

London Duo Jailed for $2 Million Crypto Scheme

08.07.2025
Bitcoin remains stuck in $100k-$110k band as retail and whales enter potential standoff

Bitcoin remains stuck in $100k-$110k band as retail and whales enter potential standoff

08.07.2025
  • 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