Mystery $120 Million Outflow Hits Crypto Bridge Multichain Whose CEO Is Missing
- Multichain bridge says assets moved to unknown wallets
- Service in late May said it had lost contact with its CEO
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A crypto service used to move tokens between blockchains suffered an unexplained outflow of assets worth more than $120 million, according to digital-asset security specialist BlockSec.
The Multichain protocol tweeted on Friday that “lockup assets” have been “moved to an unknown address abnormally,” and added that “the team is not sure what happened and is currently investigating.”