'Mysterious withdrawals' and potentially compromised administrator keys at Multichain could signal an internal rug pull, according to analytics firm chainalysis.
However, Chainalysis believes the exploit may have been the result of administrator keys being compromised, which some suggest means it couldy have been an “inside job.”In a statement to Cointelegraph, a spokesperson for Chainalysis confirmed the firm is “describing it as a possible rug pull.”
“It is possible that the attacker gained control of Multichain’s MPC keys in order to pull off this exploit,” Chainalysis said before adding: Chainalysis said the most obvious example of these internal issues was the disappearance of Multichain's CEO, known as “Zhaojun,” in late May. The platform also suffered delayed transactions and other technical problems resulting in Binance ending support for several of its bridged tokens on July 7.
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