This temporary halt trails a five-day crisis that Multichain users endured, severely affecting transaction processing and resulting in numerous stalled transactions. Binance, a cryptocurrency exchange, stopped deposits around 10 bridged tokens on May 25, 2023. It’s believed that this development happened after transactions around Multichain protocol were halted, as stated by Cointelegraph. Cross-chain bridges have also become a common target for crypto hackers—including the Multichain protocol.
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