{"id":596400,"date":"2024-03-05T22:30:12","date_gmt":"2024-03-05T22:30:12","guid":{"rendered":"https:\/\/wncen.com\/?p=596400"},"modified":"2024-03-05T19:13:35","modified_gmt":"2024-03-05T19:13:35","slug":"fantom-launches-recovery-plan-for-funds-lost-in-multichains-200m-exploit-ftm-soars","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/fantom\/fantom-launches-recovery-plan-for-funds-lost-in-multichains-200m-exploit-ftm-soars\/","title":{"rendered":"Fantom Launches Recovery Plan For Funds Lost In Multichain&#8217;s $200M Exploit, FTM Soars"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The Fantom (FTM) Foundation has taken decisive steps to recover assets lost in the Multichain exploit that devastated various chains, including its own, resulting in a staggering $210 million <a href=\"https:\/\/wncen.com\/fantom\/fantom-ftm-sheds-10-following-multichain-bridge-withdrawals\/\" target=\"_blank\" rel=\"noopener \">loss<\/a><\/span><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">After failed attempts to engage with the Multichain Foundation, the Protocol has <\/span><a href=\"https:\/\/blog.fantom.foundation\/fantom-foundation-awarded-default-judgement-against-multichain\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">announced <\/span><\/a><span style=\"font-weight: 400\">that it filed a lawsuit for \u201cbreach of contract\u201d and \u201cfraudulent misrepresentations.\u201d\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Fantom Foundation Takes Legal Action Against Multichain<\/span><\/h2>\n<p><span style=\"font-weight: 400\">The exploit, which <\/span><a href=\"https:\/\/wncen.com\/news\/insider-job-chainalysis-report-suggests-multichain-attacker-had-inside-connections\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">occurred in July 2023<\/span><\/a><span style=\"font-weight: 400\">, targeted the Multichain bridge and affected multiple chains, including Fantom, Ethereum (ETH), Binance\u2019s BNB, Cronos (CRO), Polygon (MATIC), Arbitrum (ARB), zkSync, Optimism (OP), and Moonbeam (GLMR).\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Fantom&#8217;s ecosystems <a href=\"https:\/\/wncen.com\/fantom\/q4-triumph-for-fantom-ftm-circulating-market-cap-outpaces-all-cryptos-with-140-surge\/\">suffered<\/a><\/span><span style=\"font-weight: 400\"> losses of approximately one-third of the total damage. In addition, the Fantom Foundation claims that the recovery process has faced numerous challenges due to legal complexities, jurisdictional issues, uncooperative former directors, and ongoing police investigations.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/bitcoin-on-the-brink-price-soars-above-68000-will-btc-break-its-2021-record\/\" target=\"_blank\" rel=\"noopener \">Bitcoin On The Brink, Price Soars Above $68,000 \u2013 Will BTC Break Its 2021 Record?<\/a><\/div>\n<p><span style=\"font-weight: 400\">To pursue justice, the Fantom Foundation initiated several measures. They filed a police report in Singapore, where the Multichain Foundation is incorporated, and in Kunming, China, where Multichain and its founder are under investigation.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Legal counsel was engaged in the United States, China, Hong Kong, and Singapore to navigate the diverse jurisdictions involved. Additionally, Fantom partnered with the blockchain intelligence firm TRM Labs to conduct a comprehensive <\/span><a href=\"https:\/\/wncen.com\/news\/fantom-foundation-wallets-drained-pain-ftm-prices-tank\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">forensic analysis <\/span><\/a><span style=\"font-weight: 400\">of the asset flow. As a decisive move, legal action against the Multichain Foundation for losses incurred by Fantom was commenced in Singapore.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Empowered To Liquidate Multichain<\/span><\/h2>\n<p><span style=\"font-weight: 400\">The Fantom Foundation has also disclosed that a recent default ruling by Judge Tan Boon Heng of the General Division of the High Court of Singapore has ruled in favor of the Protocol&#8217;s claim.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to the foundation&#8217;s blog post, the ruling paves the way for the protocol to petition the court to dissolve the Multichain Foundation and appoint a <\/span><a href=\"https:\/\/wncen.com\/fantom\/bullish-trend-ahead-fantom-ftm-rise-signals-potential-for-powerful-rally-towards-0-65\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">court-appointed liquidator<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The liquidator, equipped with specialized expertise, legal powers, and authority to act on behalf of Multichain, will reportedly assist in the tracing, recovering, and distributing of missing or frozen assets.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, it is worth noting that while the current ruling addresses explicitly the Fantom Foundation&#8217;s losses, it sets an important <\/span><a href=\"https:\/\/wncen.com\/fantom\/fantom-explode-like-solana-analyst-bullish\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">precedent <\/span><\/a><span style=\"font-weight: 400\">for all affected users to pursue their claims against Multichain.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/shiba-inu\/shiba-inu-price-skyrockets-heres-why\/\" target=\"_blank\" rel=\"noopener \">Shiba Inu Price Skyrockets 45%, Surges Past $0.000045: Here\u2019s Why<\/a><\/div>\n<p><span style=\"font-weight: 400\">Ultimately, the Foundation intends to use this legal victory to facilitate the appointment of &#8220;suitably qualified&#8221; experts to recover and distribute assets on behalf of all creditors. This milestone marks a significant step forward in the ongoing legal saga and underscores the team&#8217;s approach to righting the wrongs caused by the exploit.<\/span><\/p>\n<h3><span style=\"font-weight: 400\">Riding The Bull Market<\/span><\/h3>\n<p>Despite the ongoing legal battle faced by the protocol, its native token, <a href=\"https:\/\/wncen.com\/news\/will-fantom-network-activity-give-ftm-price-a-shot-in-the-arm\/\" target=\"_blank\" rel=\"noopener \">FTM<\/a>, has experienced significant gains across all time frames, taking advantage of the current bullish sentiment in the overall market.<\/p>\n<p><span style=\"font-weight: 400\">In the year-to-date period, the FTM token has recorded a remarkable increase of 67%, followed by gains of over 92% in the past thirty days. Furthermore, in the past seven and fourteen days alone, the token has seen gains of 50% and 57%, respectively.<\/span><\/p>\n<figure style=\"width: 1815px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large\" src=\"https:\/\/www.tradingview.com\/x\/EQhz39qu\/\" alt=\"Fantom \" width=\"1815\" height=\"858\"><figcaption class=\"wp-caption-text\">The daily chart shows FTM&#8217;s price uptrend. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/7W2R5XTA\/\" target=\"_blank\" rel=\"noopener nofollow\">FTMUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">This continuous <\/span><a href=\"https:\/\/wncen.com\/fantom\/fantom-ftm-rocket-up-1-60-happens-analyst\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">upward trend<\/span><\/a><span style=\"font-weight: 400\"> propelled FTM to reach a 20-month high of $0.751 on Monday. However, it has since retraced and is trading for $0.681, with a modest recovery of 1.8% in the past few hours.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Featured image from Shutterstock, chart from TradingView.com <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Fantom (FTM) Foundation has taken decisive steps to recover assets lost in the Multichain exploit that devastated various chains, including its own, resulting in a staggering $210 million loss. After failed attempts to engage with the Multichain Foundation, the Protocol has announced that it filed a lawsuit for \u201cbreach of contract\u201d and \u201cfraudulent misrepresentations.\u201d\u00a0 Fantom Foundation Takes Legal Action Against Multichain The exploit, which occurred in July 2023, targeted the Multichain bridge and affected multiple chains, including Fantom, Ethereum (ETH), Binance\u2019s BNB, Cronos (CRO), Polygon (MATIC), Arbitrum (ARB), zkSync, Optimism (OP), and Moonbeam (GLMR).\u00a0 Fantom&#8217;s ecosystems suffered losses of approximately one-third of the total damage. In addition, the Fantom Foundation claims that the recovery process has faced numerous challenges due to legal complexities, jurisdictional issues, uncooperative former directors, and ongoing police investigations. Related Reading: Bitcoin On The Brink, Price Soars Above $68,000 \u2013 Will BTC Break Its 2021 Record? To pursue justice, the Fantom Foundation initiated several measures. They filed a police report in Singapore, where the Multichain Foundation is incorporated, and in Kunming, China, where Multichain and its founder are under investigation.\u00a0 Legal counsel was engaged in the United States, China, Hong Kong, and Singapore to navigate the diverse jurisdictions involved. Additionally, Fantom partnered with the blockchain intelligence firm TRM Labs to conduct a comprehensive forensic analysis of the asset flow. As a decisive move, legal action against the Multichain Foundation for losses incurred by Fantom was commenced in Singapore. Empowered To Liquidate Multichain The Fantom Foundation has also disclosed that a recent default ruling by Judge Tan Boon Heng of the General Division of the High Court of Singapore has ruled in favor of the Protocol&#8217;s claim. According to the foundation&#8217;s blog post, the ruling paves the way for the protocol to petition the court to dissolve the Multichain Foundation and appoint a court-appointed liquidator. The liquidator, equipped with specialized expertise, legal powers, and authority to act on behalf of Multichain, will reportedly assist in the tracing, recovering, and distributing of missing or frozen assets. However, it is worth noting that while the current ruling addresses explicitly the Fantom Foundation&#8217;s losses, it sets an important precedent for all affected users to pursue their claims against Multichain. Related Reading: Shiba Inu Price Skyrockets 45%, Surges Past $0.000045: Here\u2019s Why Ultimately, the Foundation intends to use this legal victory to facilitate the appointment of &#8220;suitably qualified&#8221; experts to recover and distribute assets on behalf of all creditors. This milestone marks a significant step forward in the ongoing legal saga and underscores the team&#8217;s approach to righting the wrongs caused by the exploit. Riding The Bull Market Despite the ongoing legal battle faced by the protocol, its native token, FTM, has experienced significant gains across all time frames, taking advantage of the current bullish sentiment in the overall market. In the year-to-date period, the FTM token has recorded a remarkable increase of 67%, followed by gains of over 92% in the past thirty days. Furthermore, in the past seven and fourteen days alone, the token has seen gains of 50% and 57%, respectively. This continuous upward trend propelled FTM to reach a 20-month high of $0.751 on Monday. However, it has since retraced and is trading for $0.681, with a modest recovery of 1.8% in the past few hours. Featured image from Shutterstock, chart from TradingView.com<\/p>\n","protected":false},"author":589,"featured_media":596401,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[87842],"tags":[6664,1558,9376,86579,90984,85615,89676,90983,43491,88024,86580,87826,85756,9750],"class_list":["post-596400","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fantom","tag-crypto","tag-cryptocurrency","tag-fantom","tag-fantom-ftm","tag-fantom-bullish","tag-fantom-foundation","tag-fantom-price","tag-fantom-rally","tag-ftm","tag-ftm-analysis","tag-ftm-price","tag-ftmusd","tag-ftmusdt","tag-multichain"],"acf":[],"yoast_head":"\n<title>Fantom Launches Recovery Plan For Funds Lost In Multichain&#039;s $200M Exploit, FTM Soars<\/title>\n<meta name=\"description\" content=\"The Fantom (FTM) Foundation has taken decisive steps to recover assets lost in the Multichain exploit that devastated various chains.\" \/>\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\/fantom\/fantom-launches-recovery-plan-for-funds-lost-in-multichains-200m-exploit-ftm-soars\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fantom Launches Recovery Plan For Funds Lost In Multichain&#039;s $200M Exploit, FTM Soars\" \/>\n<meta property=\"og:description\" content=\"The Fantom (FTM) Foundation has taken decisive steps to recover assets lost in the Multichain exploit that devastated various chains.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/fantom\/fantom-launches-recovery-plan-for-funds-lost-in-multichains-200m-exploit-ftm-soars\/\" \/>\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=\"2024-03-05T22:30:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-05T19:13:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/shutterstock_download-4-2.jpg?fit=462%2C260\" \/>\n\t<meta property=\"og:image:width\" content=\"462\" \/>\n\t<meta property=\"og:image:height\" content=\"260\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ronaldo Marquez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Rmmcapital\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ronaldo Marquez\" \/>\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\/fantom\/fantom-launches-recovery-plan-for-funds-lost-in-multichains-200m-exploit-ftm-soars\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/fantom\/fantom-launches-recovery-plan-for-funds-lost-in-multichains-200m-exploit-ftm-soars\/\"},\"author\":{\"name\":\"Ronaldo Marquez\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c\"},\"headline\":\"Fantom Launches Recovery Plan For Funds Lost In Multichain&#8217;s $200M Exploit, FTM Soars\",\"datePublished\":\"2024-03-05T22:30:12+00:00\",\"dateModified\":\"2024-03-05T19:13:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/fantom\/fantom-launches-recovery-plan-for-funds-lost-in-multichains-200m-exploit-ftm-soars\/\"},\"wordCount\":583,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/fantom\/fantom-launches-recovery-plan-for-funds-lost-in-multichains-200m-exploit-ftm-soars\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/shutterstock_download-4-2.jpg?fit=462%2C260\",\"keywords\":[\"crypto\",\"cryptocurrency\",\"fantom\",\"Fantom (FTM)\",\"Fantom Bullish\",\"Fantom Foundation\",\"Fantom price\",\"Fantom Rally\",\"FTM\",\"FTM analysis\",\"FTM price\",\"FTMUSD\",\"FTMUSDT\",\"multichain\"],\"articleSection\":[\"Fantom\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/fantom\/fantom-launches-recovery-plan-for-funds-lost-in-multichains-200m-exploit-ftm-soars\/\",\"url\":\"https:\/\/wncen.com\/news\/fantom\/fantom-launches-recovery-plan-for-funds-lost-in-multichains-200m-exploit-ftm-soars\/\",\"name\":\"Fantom Launches Recovery Plan For Funds Lost In Multichain's $200M Exploit, FTM Soars\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/fantom\/fantom-launches-recovery-plan-for-funds-lost-in-multichains-200m-exploit-ftm-soars\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/fantom\/fantom-launches-recovery-plan-for-funds-lost-in-multichains-200m-exploit-ftm-soars\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/shutterstock_download-4-2.jpg?fit=462%2C260\",\"datePublished\":\"2024-03-05T22:30:12+00:00\",\"dateModified\":\"2024-03-05T19:13:35+00:00\",\"description\":\"The Fantom (FTM) Foundation has taken decisive steps to recover assets lost in the Multichain exploit that devastated various chains.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/fantom\/fantom-launches-recovery-plan-for-funds-lost-in-multichains-200m-exploit-ftm-soars\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/fantom\/fantom-launches-recovery-plan-for-funds-lost-in-multichains-200m-exploit-ftm-soars\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/fantom\/fantom-launches-recovery-plan-for-funds-lost-in-multichains-200m-exploit-ftm-soars\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/shutterstock_download-4-2.jpg?fit=462%2C260\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/shutterstock_download-4-2.jpg?fit=462%2C260\",\"width\":462,\"height\":260,\"caption\":\"Fantom\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/fantom\/fantom-launches-recovery-plan-for-funds-lost-in-multichains-200m-exploit-ftm-soars\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Fantom Launches Recovery Plan For Funds Lost In Multichain&#8217;s $200M Exploit, FTM Soars\"}]},{\"@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\/23849d4cdb61b3b34c9e7e5fea0a9a6c\",\"name\":\"Ronaldo Marquez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"caption\":\"Ronaldo Marquez\"},\"description\":\"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.\",\"sameAs\":[\"https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=\",\"https:\/\/x.com\/Rmmcapital\"],\"url\":\"https:\/\/wncen.com\/author\/ronaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"Fantom Launches Recovery Plan For Funds Lost In Multichain's $200M Exploit, FTM Soars","description":"The Fantom (FTM) Foundation has taken decisive steps to recover assets lost in the Multichain exploit that devastated various chains.","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\/fantom\/fantom-launches-recovery-plan-for-funds-lost-in-multichains-200m-exploit-ftm-soars\/","og_locale":"en_US","og_type":"article","og_title":"Fantom Launches Recovery Plan For Funds Lost In Multichain's $200M Exploit, FTM Soars","og_description":"The Fantom (FTM) Foundation has taken decisive steps to recover assets lost in the Multichain exploit that devastated various chains.","og_url":"https:\/\/wncen.com\/news\/fantom\/fantom-launches-recovery-plan-for-funds-lost-in-multichains-200m-exploit-ftm-soars\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-03-05T22:30:12+00:00","article_modified_time":"2024-03-05T19:13:35+00:00","og_image":[{"width":462,"height":260,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/shutterstock_download-4-2.jpg?fit=462%2C260","type":"image\/jpeg"}],"author":"Ronaldo Marquez","twitter_card":"summary_large_image","twitter_creator":"@Rmmcapital","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Ronaldo Marquez","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/fantom\/fantom-launches-recovery-plan-for-funds-lost-in-multichains-200m-exploit-ftm-soars\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/fantom\/fantom-launches-recovery-plan-for-funds-lost-in-multichains-200m-exploit-ftm-soars\/"},"author":{"name":"Ronaldo Marquez","@id":"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c"},"headline":"Fantom Launches Recovery Plan For Funds Lost In Multichain&#8217;s $200M Exploit, FTM Soars","datePublished":"2024-03-05T22:30:12+00:00","dateModified":"2024-03-05T19:13:35+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/fantom\/fantom-launches-recovery-plan-for-funds-lost-in-multichains-200m-exploit-ftm-soars\/"},"wordCount":583,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/fantom\/fantom-launches-recovery-plan-for-funds-lost-in-multichains-200m-exploit-ftm-soars\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/shutterstock_download-4-2.jpg?fit=462%2C260","keywords":["crypto","cryptocurrency","fantom","Fantom (FTM)","Fantom Bullish","Fantom Foundation","Fantom price","Fantom Rally","FTM","FTM analysis","FTM price","FTMUSD","FTMUSDT","multichain"],"articleSection":["Fantom"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/fantom\/fantom-launches-recovery-plan-for-funds-lost-in-multichains-200m-exploit-ftm-soars\/","url":"https:\/\/wncen.com\/news\/fantom\/fantom-launches-recovery-plan-for-funds-lost-in-multichains-200m-exploit-ftm-soars\/","name":"Fantom Launches Recovery Plan For Funds Lost In Multichain's $200M Exploit, FTM Soars","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/fantom\/fantom-launches-recovery-plan-for-funds-lost-in-multichains-200m-exploit-ftm-soars\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/fantom\/fantom-launches-recovery-plan-for-funds-lost-in-multichains-200m-exploit-ftm-soars\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/shutterstock_download-4-2.jpg?fit=462%2C260","datePublished":"2024-03-05T22:30:12+00:00","dateModified":"2024-03-05T19:13:35+00:00","description":"The Fantom (FTM) Foundation has taken decisive steps to recover assets lost in the Multichain exploit that devastated various chains.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/fantom\/fantom-launches-recovery-plan-for-funds-lost-in-multichains-200m-exploit-ftm-soars\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/fantom\/fantom-launches-recovery-plan-for-funds-lost-in-multichains-200m-exploit-ftm-soars\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/fantom\/fantom-launches-recovery-plan-for-funds-lost-in-multichains-200m-exploit-ftm-soars\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/shutterstock_download-4-2.jpg?fit=462%2C260","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/shutterstock_download-4-2.jpg?fit=462%2C260","width":462,"height":260,"caption":"Fantom"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/fantom\/fantom-launches-recovery-plan-for-funds-lost-in-multichains-200m-exploit-ftm-soars\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Fantom Launches Recovery Plan For Funds Lost In Multichain&#8217;s $200M Exploit, FTM Soars"}]},{"@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\/23849d4cdb61b3b34c9e7e5fea0a9a6c","name":"Ronaldo Marquez","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","caption":"Ronaldo Marquez"},"description":"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.","sameAs":["https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=","https:\/\/x.com\/Rmmcapital"],"url":"https:\/\/wncen.com\/author\/ronaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Fantom Launches Recovery Plan For Funds Lost In Multichain&#8217;s $200M Exploit, FTM Soars","url":"http:\/\/wncen.com\/news\/fantom\/fantom-launches-recovery-plan-for-funds-lost-in-multichains-200m-exploit-ftm-soars\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/fantom\/fantom-launches-recovery-plan-for-funds-lost-in-multichains-200m-exploit-ftm-soars\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/shutterstock_download-4-2.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/shutterstock_download-4-2.jpg?fit=462%2C260"},"articleSection":"Fantom","author":[{"@type":"Person","name":"Ronaldo Marquez"}],"creator":["Ronaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto","cryptocurrency","fantom","fantom (ftm)","fantom bullish","fantom foundation","fantom price","fantom rally","ftm","ftm analysis","ftm price","ftmusd","ftmusdt","multichain"],"dateCreated":"2024-03-05T22:30:12Z","datePublished":"2024-03-05T22:30:12Z","dateModified":"2024-03-05T22:30:12Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Fantom Launches Recovery Plan For Funds Lost In Multichain&#8217;s $200M Exploit, FTM Soars\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/fantom\\\/fantom-launches-recovery-plan-for-funds-lost-in-multichains-200m-exploit-ftm-soars\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/fantom\\\/fantom-launches-recovery-plan-for-funds-lost-in-multichains-200m-exploit-ftm-soars\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/shutterstock_download-4-2.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/shutterstock_download-4-2.jpg?fit=462%2C260\"},\"articleSection\":\"Fantom\",\"author\":[{\"@type\":\"Person\",\"name\":\"Ronaldo Marquez\"}],\"creator\":[\"Ronaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto\",\"cryptocurrency\",\"fantom\",\"fantom (ftm)\",\"fantom bullish\",\"fantom foundation\",\"fantom price\",\"fantom rally\",\"ftm\",\"ftm analysis\",\"ftm price\",\"ftmusd\",\"ftmusdt\",\"multichain\"],\"dateCreated\":\"2024-03-05T22:30:12Z\",\"datePublished\":\"2024-03-05T22:30:12Z\",\"dateModified\":\"2024-03-05T22:30:12Z\"}<\/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\/2024\/03\/shutterstock_download-4-2.jpg?fit=462%2C260","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/596400"}],"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\/589"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=596400"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/596400\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/596401"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=596400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=596400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=596400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}