The exploited Multichain bridge briefly opened on Nov. 1, and a trader managed to use this opportunity to buy debugged assets at a discount, allowing them to make more than $1.5 million in profits.
The top 100 DeFi tokens continue their bullish momentum from the last week, with most of the tokens posting positive returns on the weekly charts.A wallet address turned nearly 1.9 million FTM worth $280,000 to $1.9 million within hours of exploiting the long-frozen Multichain bridge opening momentarily, leading to insider job speculations among the crypto community.
The Multichain bridge, frozen since its exploit in July 2023, opened briefly and closed again on Nov. 1. The trader seized the opportunity to make millions of dollars in profits.SOL has posted 30-day gains of nearly 81% and has rallied over 30% in the past week amid the testnet launch of the blockchain’s long-awaited scaling solution, Firedancer.SnowTrace, a popular blockchain explorer tool for Avalanche, will shut down its website — powered by Etherscan’s explorer-as-a-service toolkit — on Nov.
The protocols claimed in their joint statement that LayerZero’s new token is “a proprietary representation of wstETH to Avalanche, BNB Chain, and Scroll without support from the Lido DAO ,” which is created by “provider-specific systems fundamentally owned by the bridges that implement them.” As a result, it creates “systemic risks for projects that can be tough to quantify,” they stated.
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