Users are criticizing Multichain as hacking damages reach $3 million

Due to an undiscovered security issue that occurred in six supported coins on Jan. 17, Multichain users have lost almost $3 million.

Hackers have continued to take advantage of a serious weakness in the cross-chain router protocol (CRP) Multichain, which was first discovered on January 17th.

Multichain asked users to rescind permissions for six tokens earlier this week to protect their funds from fraudulent persons.

However, after Multichain’s announcement on January 17, other hackers attempted the attack. One stole $1.43 million, while the other offered to refund 80% and retain the remainder as a tip. The stolen amount has now increased to $3 million, according to Tal Be’ery, co-founder of the ZenGo wallet.

WETH, PERI, OMT, WBNB, MATIC, and AVAX are among the six supported tokens remaining vulnerable to the security flaw.

On social media, users have criticized the corporation of not giving customers with enough information or support about the problem. In exchange for the remaining funds, one user who lost $960k offered 50 ETH to the hacker’s address.

On January 17, the firm claimed that the major vulnerability impacting the six tokens had been disclosed and rectified, yet on January 19, it advised customers to cancel token approvals once more. The comments on Multichain’s latest tweets have since been disabled.

Crypto “ChainLinkGod” on Twitter expressed his confusion by the platform’s remark, while “drarreg17” inquired about what Multichain will do to “compensate people like myself who were affected by the exploits?”

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