What a comeback: Multichain fights back attackers, recovers 50% of loot, and has a compensation plan for the users.
to Multichain, the vulnerability of the liquidity pool was fixed by upgrading the affected tokens’ liquidity to new contracts, adding:
“However, the risk remains for the users who have yet to revoke approvals for the affected router contracts. Importantly, users themselves have to be the ones to revoke the approvals.”As of Feb. 18, Multichain reported that 4,861 out of the 7,962 affected users have revoked approvals while advising the remaining 3,101 addresses to take action as soon as possible. Out of the 1,889.6612 WETH and 833.4191 AVAX stolen funds, the team was able to recover 912.7984 WETH and 125 AVAX .
“However, in spite of our best efforts, a total of 976.8628 WETH has been stolen,” confirmed Multichain. To be eligible for compensation through reimbursement of losses, Multichain has asked users to revoked their approval and submit a ticket on the website. “As such, we will no longer reimburse any losses that happen after February 18 24:00 UTC.”
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