Fantom Foundation: Over $60 million in stablecoins frozen in Multichain wallet

ChainCatcher message, the Fantom Foundation tweeted, "We are deeply disappointed by the latest news regarding Multichain. This is a difficult situation for everyone affected. In response to this news, our team immediately began contacting stablecoin issuers, namely Circle (USDC), Tether (USDT), and TrueUSD (TUSD), to freeze the assets in the Multichain wallets.

We have verified that approximately over $60 million USDC and over $2 million USDT have been frozen. We are continuing our efforts to identify any other affected assets. We are actively reaching out to various contacts and sources to gain a comprehensive understanding of the Multichain events.

We have formed a small group consisting of current Multichain employees to better understand the situation from their perspective and provide support as much as we can. In the coming weeks, we will further announce various activities on the Opera Chain to help the community and builders move forward." (source link)