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ETH $2,098.84 +4.42%
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XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $458.87 +1.58%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9138 -6.63%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%

A certain Rabby user successfully withdrew $85,700 in locked Multichain funds

2025-12-22 15:46:55
Collection

According to market news, a user successfully withdrew $85,740 USDC through the Rabby feature, after the funds had been frozen due to the Multichain incident.

Rabby allows users to track and withdraw leftover assets from DeFi protocols, even if the original front end has become inactive. It is understood that in May 2025, the Singapore High Court approved the liquidation application of the Multichain Foundation and appointed KPMG as the joint liquidator. As the liquidation progresses, some previously frozen or locked funds are gradually becoming available for withdrawal, especially assets that were not transferred by hackers or released after being seized by law enforcement.

In addition, a U.S. court has temporarily extended the freeze on approximately $63 million in stolen USDC related wallets to assist the Singapore liquidators in identifying and recovering the assets. Affected Multichain users can check their wallet balances and attempt to withdraw funds through Rabby.

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