Multichain’s Bumpy Road to Normalcy
After a tumultuous hack that rocked the blockchain community, Multichain is slowly getting back on its feet. Once plagued by a pile-up of pending transactions, the number has dwindled to just one lonely transaction, much like that solitary piece of pizza left in the box that no one wants to touch. But don’t celebrate too soon; this recovery process is as fragile as a glass bridge over a lava pit.
Transaction Confirmation Rollercoaster
Blockchain data suggests that some transactions are being confirmed across destination chains. For instance, around 1:56 pm UTC on November 1, a seamless deposit of 20 Dai (DAI) from Ethereum to Avalanche was confirmed. Meanwhile, another transaction involving 0.1 Bitcoin (BTC) from Ethereum to Polygon seems to be stuck in limbo, confirmed on Multichain’s explorer but still waiting for a green light on Polygon. It’s like getting ghosted after sharing your deepest secrets!
Warnings and Wallets
Heads up for those with the MetaMask wallet extension! Users are greeted with a warning that viewing the Multichain Explorer may not be the safest adventure right now. So, if you want to explore, you might want to consider browsing without the Web3 wallet attached. Let’s not forget the advice from the wise folks at Cointelegraph: connecting your wallet to Multichain may not be the best idea. Think of it as inviting a raccoon into your kitchen – it might be cute, but chaos will ensue.
Signs of Life from the Multichain Team
Interestingly, the transactions appearing mostly stem from a select few addresses, suggesting that either the hacker is making a last-ditch effort to escape with the loot, or the Multichain team is working hard to salvage the mess. As of 9:30 pm UTC, only a single transaction lingered in the ‘pending’ section, eerily reminiscent of that last-minute presentation everyone forgot to prepare for.
The Brief Resurrection of Bridge Transactions
Good news amidst the chaos: blockchain analytics platform Cyvers Alerts spotted the resumption of transactions on the morning of November 1, posting updates faster than a caffeine-fueled rumor mill. It hasn’t been easy since July 6, when Multichain suffered a staggering $126 million hack, but it seems rainbow and sunshine may be peeking through the clouds after 117 days of downtime. Despite some glitches, bridge transactions are starting to trickle through—like the first drops of rain after a long drought.
