Hack history / 2023 / Hack or exploit
Multichain
Hack or exploit on Jul 7, 2023 · Validator Key Compromised
IN REVIEWSOURCES AGREE ON DATE AND LOSS · 4 SOURCES
Lost
$126M
dollars at the time
Returned
none listed
as the sources state it
Rank
#46
among thefts by dollars lost
What happened
Multichain lost ~$126M on July 6-7, 2023 from bridge reserves on Fantom, Moonriver and Dogechain (WBTC, WETH, USDC, USDT, DAI, LINK and more). CEO Zhaojun, who held the MPC signing keys, had been detained since May 2023; project shut down days later.
In review: possible duplicate within one source.
Details
- Date
- Jul 7, 2023
- Kind
- Hack or exploit
- Method
- Validator Key Compromised
- How in
- Keys, accounts and infrastructure
- Target
- DeFi protocol
- Chains
- Moonriver, BNB Chain, Fantom
Related incidents
Multichain drained of another $107 million days after previous theft 2023 · Hack or exploit · $107M
Multichain 2023 · Hack or exploit · undisclosed
Multichain 2023 · Hack or exploit · $130K
Multichain 2022 · Hack or exploit · $1.4M
Multichain 2021 · Hack or exploit · $7.9M
Multichain 2023 · Hack or exploit · undisclosed
Multichain 2023 · Hack or exploit · $130K
Multichain 2022 · Hack or exploit · $1.4M
Multichain 2021 · Hack or exploit · $7.9M
Cite this page
SwanBluechip, "Multichain hack, Jul 7, 2023: $126M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht7ed6645bf4/ (data as of 2026-10-31).