Multichain

Coin

<html>
 <head></head>
 <body>
  <ul class="news-points"> 
   <li><strong>Andre Conje says the recent Multichain exploit is a big blow to the blockchain space.</strong></li> 
   <li><strong>According to Conje, users trusted the Multichain team’s assurances in error.</strong></li> 
   <li><strong>Conje is working in collaboration with relevant organizations to recover assets.</strong></li> 
  </ul> 
  <p>Andre Conje, a renowned <a href="https://coinedition.com/what-is-blockchain-everything-you-need-to-know/" rel="noopener noreferrer nofollow">blockchain</a> developer popularly known for creating Yearn Finance and Keep3rV1, considers the recent Multichain exploit a big blow to the blockchain space. Conje explained during an AMA session that there were a lot of assurances from the team behind the project. He insinuated that users trusted the team’s assurances around the server decentralization, access, and geolocation distribution.</p> 
  <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
   <div class="wp-block-embed__wrapper"> 
    <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
     <p lang="en" dir="ltr">Andre Cronje: Multichain was a big blow, we had a lot of assurances from the team around the server decentralization, access. We are exploring all options at this point, working with relevant organizations to try and recover assets, even using foundation treasury. The foundation…</p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1680246118372999168?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 15, 2023</a> 
    </blockquote> 
    <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
   </div> 
  </figure> 
  <p>Conje noted that, in the <a href="https://coinedition.com/hacked-multichain-closes-over-lack-of-fund-as-ceo-remains-with-police/" rel="noopener noreferrer nofollow">aftermath of the exploit</a>, he is working in collaboration with relevant organizations to recover assets, noting that they are exploring all available options…</p> 
  <p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/andre-conje-the-multichain-exploit-is-a-big-blow-to-the-industry/">Andre Conje: The Multichain Exploit is a Big Blow to the Industry</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>
 </body>
</html>

Andre Conje: The Multichain Exploit is a Big Blow to the Industry

Coin Edition

Other articles published on Jul 16, 2023

OpenAI Faces FTC Investigation Over Privacy and Data Practices

Filecoin (FIL) Price Prediction: Sui (SUI) Loses Momentum

Ex-Ripple Exec Denies Effect on XRP Price, Unveils Real Key Factors

CBDCs can restrict citizens’ spending, economist warns

Unlock the Secrets of Success in the Blockchain Industry

Crypto Airdrop: What are Anti-sybil Rules?

Join our free newsletter for daily crypto updates!