{"id":541817,"date":"2023-07-08T02:00:12","date_gmt":"2023-07-08T02:00:12","guid":{"rendered":"https:\/\/wncen.com\/?p=541817"},"modified":"2023-07-07T20:57:33","modified_gmt":"2023-07-07T20:57:33","slug":"circle-intervenes-freezes-63-million-from-multichain-hack","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/circle-intervenes-freezes-63-million-from-multichain-hack\/","title":{"rendered":"Circle Intervenes, Freezes $63 Million From Multichain Hack"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">Circle, the official issuer of USDC, the second largest stablecoin by circulating supply, has frozen $63 million from the Multichain hack. Compiled Etherscan data on July 7 <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.reddit.com\/r\/CryptoCurrency\/comments\/14tdtbp\/circle_freezes_three_addresses_linked_to_the\/\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">shows<\/span><\/a><span data-preserver-spaces=\"true\"> that the stablecoin issuer froze $27.65 million, $30.1 million, and $5.5 million in three transactions, hampering the hacker&#8217;s cash-out efforts.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Multichain Hacked, Circle Intervenes<\/span><\/h2>\n<p>Multichain, a cross-chain protocol router, was hacked on July 7, resulting in the loss of over $126 million worth of various tokens. The exploit came after the attacker illegally accessed Multichain&#8217;s Multi-Party Computation (MPC) address, which stores funds locked between blockchains.<\/p>\n<p><span data-preserver-spaces=\"true\">Subsequently, the hacker withdrew funds from the address and moved them to an externally controlled wallet. The Fantom Bridge was adversely affected by this outflow as the hacker withdrew various tokens, including wBTC, USDC, and USDT. There were a handful of other altcoins that the hacker stole.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/analysis\/arb\/arbitrum-dao-locks-tokens-into-vesting-contract\/\" target=\"_blank\" rel=\"noopener \">Arbitrum DAO Locks $770 Million In ARB Tokens Into Vesting Contract: Implications For ARB<\/a><\/div>\n<p><span data-preserver-spaces=\"true\">Funds were also stripped from the Moonriver Bridge, with observers noting that at least $6.8 million worth of various coins, including USDC, were moved to an external address. It is also reported that an address associated with Multichain connecting with Dogecoin also lost over $600,000.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The stolen USDC has now been frozen and cannot be moved, a relief for the community. However, it is not clear whether Circle will reverse funds to Multichain. In the past, Tether Holdings and Circle, the centralized issuers of the world&#8217;s most liquid stablecoins, have intervened to prevent bad actors from cashing out.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Hack Compounding Multichain&#8217;s Woes, Bitcoin Firm<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Peckshield, a blockchain security firm, was the first to\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/twitter.com\/peckshield\/status\/72289030\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">pick out<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0the unusual transfers of over $118 million worth of assets from Multichain&#8217;s Fantom and Moonriver bridges. The firm went on to tag the team behind the cross-chain protocol, who immediately acted.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In response to the hack, Multichain\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/twitter.com\/MultichainOrg\/status\/31097600\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">said<\/span><\/a><span data-preserver-spaces=\"true\"> the outflow was &#8220;abnormal&#8221; and halted all activity while recommending users pause their protocol and revoke all contracts approval.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/crypto\/30-billion-in-crypto-since-2012\/\" target=\"_blank\" rel=\"noopener \">Hackers Have Stolen $30 Billion In Crypto Since 2012, SlowMist Report Finds<\/a><\/div>\n<p><span data-preserver-spaces=\"true\">Although the Multichain team had assured the community that the private keys controlling asset movements through the bridge are secure and stored on-chain, their technology appears to have flaws, resulting in the hack. The hack marks what has also been a tumultuous past few weeks. Besides delayed transactions and what the team described as &#8220;multiple issues,&#8221; the founder is missing.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Despite the attack, Bitcoin prices are firm when writing. The coin is above the $30,000 psychological support, rejecting bear pressure from July 6. However, FTM, the native currency of Fantom, is free-falling, dumping 20% from July highs.<\/span><\/p>\n<figure style=\"width: 1226px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.tradingview.com\/x\/AjLjXJJQ\/\" rel=\"nofollow\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/AjLjXJJQ\/\" alt=\"FTM price on July 7| Source: FTMUSDT on Binance, TradingView\" width=\"1226\" height=\"595\"><\/a><figcaption class=\"wp-caption-text\">FTM price on July 7 | Source: <a href=\"https:\/\/www.tradingview.com\/x\/AjLjXJJQ\/\" target=\"_blank\" rel=\"noopener nofollow\">FTMUSDT on Binance, TradingView<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Feature image from Canva, chart from TradingView<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Circle, the official issuer of USDC, the second largest stablecoin by circulating supply, has frozen $63 million from the Multichain hack. Compiled Etherscan data on July 7 shows that the stablecoin issuer froze $27.65 million, $30.1 million, and $5.5 million in three transactions, hampering the hacker&#8217;s cash-out efforts. Multichain Hacked, Circle Intervenes Multichain, a cross-chain protocol router, was hacked on July 7, resulting in the loss of over $126 million worth of various tokens. The exploit came after the attacker illegally accessed Multichain&#8217;s Multi-Party Computation (MPC) address, which stores funds locked between blockchains. Subsequently, the hacker withdrew funds from the address and moved them to an externally controlled wallet. The Fantom Bridge was adversely affected by this outflow as the hacker withdrew various tokens, including wBTC, USDC, and USDT. There were a handful of other altcoins that the hacker stole.\u00a0 Related Reading: Arbitrum DAO Locks $770 Million In ARB Tokens Into Vesting Contract: Implications For ARB Funds were also stripped from the Moonriver Bridge, with observers noting that at least $6.8 million worth of various coins, including USDC, were moved to an external address. It is also reported that an address associated with Multichain connecting with Dogecoin also lost over $600,000. The stolen USDC has now been frozen and cannot be moved, a relief for the community. However, it is not clear whether Circle will reverse funds to Multichain. In the past, Tether Holdings and Circle, the centralized issuers of the world&#8217;s most liquid stablecoins, have intervened to prevent bad actors from cashing out. Hack Compounding Multichain&#8217;s Woes, Bitcoin Firm Peckshield, a blockchain security firm, was the first to\u00a0pick out\u00a0the unusual transfers of over $118 million worth of assets from Multichain&#8217;s Fantom and Moonriver bridges. The firm went on to tag the team behind the cross-chain protocol, who immediately acted. In response to the hack, Multichain\u00a0said the outflow was &#8220;abnormal&#8221; and halted all activity while recommending users pause their protocol and revoke all contracts approval.\u00a0 Related Reading: Hackers Have Stolen $30 Billion In Crypto Since 2012, SlowMist Report Finds Although the Multichain team had assured the community that the private keys controlling asset movements through the bridge are secure and stored on-chain, their technology appears to have flaws, resulting in the hack. The hack marks what has also been a tumultuous past few weeks. Besides delayed transactions and what the team described as &#8220;multiple issues,&#8221; the founder is missing. Despite the attack, Bitcoin prices are firm when writing. The coin is above the $30,000 psychological support, rejecting bear pressure from July 6. However, FTM, the native currency of Fantom, is free-falling, dumping 20% from July highs. Feature image from Canva, chart from TradingView<\/p>\n","protected":false},"author":384,"featured_media":541818,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,7,1946,9376,2276,9750],"class_list":["post-541817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-dogecoin","tag-ethereum","tag-fantom","tag-hack","tag-multichain"],"acf":[],"yoast_head":"\n<title>Circle Intervenes, Freezes $63 Million From Multichain Hack<\/title>\n<meta name=\"description\" content=\"Circle, the official issuer of USDC, has frozen $63 million from the Multichain hack. Meanwhile, Bitcoin prices are firm above $30,000.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/circle-intervenes-freezes-63-million-from-multichain-hack\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Circle Intervenes, Freezes $63 Million From Multichain Hack\" \/>\n<meta property=\"og:description\" content=\"Circle, the official issuer of USDC, has frozen $63 million from the Multichain hack. Meanwhile, Bitcoin prices are firm above $30,000.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/circle-intervenes-freezes-63-million-from-multichain-hack\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-08T02:00:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-07T20:57:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Crypto-news-Template4.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1380\" \/>\n\t<meta property=\"og:image:height\" content=\"780\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Dalmas Ngetich\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Dalmas_Ngetich\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dalmas Ngetich\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/circle-intervenes-freezes-63-million-from-multichain-hack\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/circle-intervenes-freezes-63-million-from-multichain-hack\/\"},\"author\":{\"name\":\"Dalmas Ngetich\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/08a2c46e8c02b51b9464d6e0bf2b1586\"},\"headline\":\"Circle Intervenes, Freezes $63 Million From Multichain Hack\",\"datePublished\":\"2023-07-08T02:00:12+00:00\",\"dateModified\":\"2023-07-07T20:57:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/circle-intervenes-freezes-63-million-from-multichain-hack\/\"},\"wordCount\":457,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/circle-intervenes-freezes-63-million-from-multichain-hack\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Crypto-news-Template4.png?fit=1380%2C780\",\"keywords\":[\"bitcoin\",\"Dogecoin\",\"ethereum\",\"fantom\",\"hack\",\"multichain\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/circle-intervenes-freezes-63-million-from-multichain-hack\/\",\"url\":\"https:\/\/wncen.com\/news\/circle-intervenes-freezes-63-million-from-multichain-hack\/\",\"name\":\"Circle Intervenes, Freezes $63 Million From Multichain Hack\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/circle-intervenes-freezes-63-million-from-multichain-hack\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/circle-intervenes-freezes-63-million-from-multichain-hack\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Crypto-news-Template4.png?fit=1380%2C780\",\"datePublished\":\"2023-07-08T02:00:12+00:00\",\"dateModified\":\"2023-07-07T20:57:33+00:00\",\"description\":\"Circle, the official issuer of USDC, has frozen $63 million from the Multichain hack. Meanwhile, Bitcoin prices are firm above $30,000.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/circle-intervenes-freezes-63-million-from-multichain-hack\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/circle-intervenes-freezes-63-million-from-multichain-hack\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/circle-intervenes-freezes-63-million-from-multichain-hack\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Crypto-news-Template4.png?fit=1380%2C780\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Crypto-news-Template4.png?fit=1380%2C780\",\"width\":1380,\"height\":780,\"caption\":\"Multichain Circle USDC\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/circle-intervenes-freezes-63-million-from-multichain-hack\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Circle Intervenes, Freezes $63 Million From Multichain Hack\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/08a2c46e8c02b51b9464d6e0bf2b1586\",\"name\":\"Dalmas Ngetich\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/73f4ad24aaf1d2abe0885846b798381a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/73f4ad24aaf1d2abe0885846b798381a?s=96&d=mm&r=g\",\"caption\":\"Dalmas Ngetich\"},\"description\":\"Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/dalmas-ngetich-40a67a147\/\",\"https:\/\/x.com\/Dalmas_Ngetich\"],\"url\":\"https:\/\/wncen.com\/author\/dalmasngetich\/\"}]}<\/script>\n","yoast_head_json":{"title":"Circle Intervenes, Freezes $63 Million From Multichain Hack","description":"Circle, the official issuer of USDC, has frozen $63 million from the Multichain hack. Meanwhile, Bitcoin prices are firm above $30,000.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/circle-intervenes-freezes-63-million-from-multichain-hack\/","og_locale":"en_US","og_type":"article","og_title":"Circle Intervenes, Freezes $63 Million From Multichain Hack","og_description":"Circle, the official issuer of USDC, has frozen $63 million from the Multichain hack. Meanwhile, Bitcoin prices are firm above $30,000.","og_url":"https:\/\/wncen.com\/news\/circle-intervenes-freezes-63-million-from-multichain-hack\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-07-08T02:00:12+00:00","article_modified_time":"2023-07-07T20:57:33+00:00","og_image":[{"width":1380,"height":780,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Crypto-news-Template4.png","type":"image\/png"}],"author":"Dalmas Ngetich","twitter_card":"summary_large_image","twitter_creator":"@Dalmas_Ngetich","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Dalmas Ngetich","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/circle-intervenes-freezes-63-million-from-multichain-hack\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/circle-intervenes-freezes-63-million-from-multichain-hack\/"},"author":{"name":"Dalmas Ngetich","@id":"https:\/\/wncen.com\/#\/schema\/person\/08a2c46e8c02b51b9464d6e0bf2b1586"},"headline":"Circle Intervenes, Freezes $63 Million From Multichain Hack","datePublished":"2023-07-08T02:00:12+00:00","dateModified":"2023-07-07T20:57:33+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/circle-intervenes-freezes-63-million-from-multichain-hack\/"},"wordCount":457,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/circle-intervenes-freezes-63-million-from-multichain-hack\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Crypto-news-Template4.png?fit=1380%2C780","keywords":["bitcoin","Dogecoin","ethereum","fantom","hack","multichain"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/circle-intervenes-freezes-63-million-from-multichain-hack\/","url":"https:\/\/wncen.com\/news\/circle-intervenes-freezes-63-million-from-multichain-hack\/","name":"Circle Intervenes, Freezes $63 Million From Multichain Hack","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/circle-intervenes-freezes-63-million-from-multichain-hack\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/circle-intervenes-freezes-63-million-from-multichain-hack\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Crypto-news-Template4.png?fit=1380%2C780","datePublished":"2023-07-08T02:00:12+00:00","dateModified":"2023-07-07T20:57:33+00:00","description":"Circle, the official issuer of USDC, has frozen $63 million from the Multichain hack. Meanwhile, Bitcoin prices are firm above $30,000.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/circle-intervenes-freezes-63-million-from-multichain-hack\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/circle-intervenes-freezes-63-million-from-multichain-hack\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/circle-intervenes-freezes-63-million-from-multichain-hack\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Crypto-news-Template4.png?fit=1380%2C780","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Crypto-news-Template4.png?fit=1380%2C780","width":1380,"height":780,"caption":"Multichain Circle USDC"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/circle-intervenes-freezes-63-million-from-multichain-hack\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Circle Intervenes, Freezes $63 Million From Multichain Hack"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/08a2c46e8c02b51b9464d6e0bf2b1586","name":"Dalmas Ngetich","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/73f4ad24aaf1d2abe0885846b798381a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/73f4ad24aaf1d2abe0885846b798381a?s=96&d=mm&r=g","caption":"Dalmas Ngetich"},"description":"Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.","sameAs":["https:\/\/www.linkedin.com\/in\/dalmas-ngetich-40a67a147\/","https:\/\/x.com\/Dalmas_Ngetich"],"url":"https:\/\/wncen.com\/author\/dalmasngetich\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Circle Intervenes, Freezes $63 Million From Multichain Hack","url":"http:\/\/wncen.com\/news\/circle-intervenes-freezes-63-million-from-multichain-hack\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/circle-intervenes-freezes-63-million-from-multichain-hack\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Crypto-news-Template4.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Crypto-news-Template4.png?fit=1380%2C780"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Dalmas Ngetich"}],"creator":["Dalmas Ngetich"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","dogecoin","ethereum","fantom","hack","multichain"],"dateCreated":"2023-07-08T02:00:12Z","datePublished":"2023-07-08T02:00:12Z","dateModified":"2023-07-08T02:00:12Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Circle Intervenes, Freezes $63 Million From Multichain Hack\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/circle-intervenes-freezes-63-million-from-multichain-hack\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/circle-intervenes-freezes-63-million-from-multichain-hack\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/Crypto-news-Template4.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/Crypto-news-Template4.png?fit=1380%2C780\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Dalmas Ngetich\"}],\"creator\":[\"Dalmas Ngetich\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"dogecoin\",\"ethereum\",\"fantom\",\"hack\",\"multichain\"],\"dateCreated\":\"2023-07-08T02:00:12Z\",\"datePublished\":\"2023-07-08T02:00:12Z\",\"dateModified\":\"2023-07-08T02:00:12Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Crypto-news-Template4.png?fit=1380%2C780","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/541817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/384"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=541817"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/541817\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/541818"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=541817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=541817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=541817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}