In a recent development, the multi-chain protocol that was a victim of the hacker dent is now showing signs of revival as some of its transactions have been confirmed. According to multichain explorer tool, prior to November 1, the last transaction for the protocol took place 117 days ago. The backlog of queued deals has now been reduced to just one deal, indicating a possible shift in the agreement.
The blockchain data shows that some transactions have been confirmed on the target chain, while others have been marked as confirmed in the multi-chain browser but have not yet been confirmed on the target chain. This mixed confirmation status indicates that the process of restoring the integrity of the affected transactions is underway.
Due to a recent security breach in the protocol, users attempting to access Multichain Explorer through a MetaMask installed browser are cautioned that the Web3 wallet extension is not required to browse Multichain Explorer, but users should exercise caution. It is not recommended to use the wallet app to connect to Multichain, and the site itself may pose a security risk.
Multi-chain resilience and recovery
The transactions appear to originate from a relatively small number of addresses. This limited address engagement suggests that the transactions could be an attempt by the attackers to move money, or part of a broader recovery effort by the multi-chain team. As of 9:30 p.m. Utc, only one transaction was still listed as pending on Multichain's Explorer, underscoring the progress being made in resolving the backlog.
According to the Multichain block browser, transactions began to be confirmed around 9 a.m. on November 1. Some of these transactions have been successfully confirmed on the target chain, highlighting positive developments.
For example, a deposit of approximately 20 Dai (DAI) from Ethereum to Avalanche was confirmed on Avalanche at 1:56 PM UTC and a deposit from EthereumBitcoin was marked as confirmed on the Multichain block browser. But it has yet to be confirmed on Polygon.
Thanks to the vigilance of blockchain analytics platform Cyvers Alerts, the resumption of multi-chain transactions has not gone unnoticed. The platform detected new trading activity in the morning and disseminated this information in a timely manner, highlighting the potential significance of the protocol restoration. Some sending accounts showed multiple transactions on November 1, indicating confidence in the functionality of the protocol.
