Multichain Bridge will fusion with RSK blockchain!
7/4/2022, 02:05 PM
Multichain, a decentralized cross-chain router protocol, has announced integration with RSK blockchain, a Bitcoin merge-mined smart contracts platform.
The integration aims to facilitate the transfer of ETH, USDC, BUSD, and other assets between RSK, Ethereum, and BNB Chain. The broader focus of the decentralized cross-chain router protocol will be on enabling greater access to DeFi on Bitcoin.
Following the development, Diego Gutiérrez Zaldívar, co-founder of RSK, said that this is a huge step forward in interoperability for RSK that means thousands of new users can access these DeFi services. Multichain secured $60 million in December in a seed funding round led by Binance Labs.
Now, a month later, the cross-chain protocol has become victim of a major hack after attackers managed to exploit a vulnerability. As a result, $3 million in cryptocurrency was drained away. However, one white hacker reportedly returned approximately $813 000 worth of ETH.
The integration aims to facilitate the transfer of ETH, USDC, BUSD, and other assets between RSK, Ethereum, and BNB Chain. The broader focus of the decentralized cross-chain router protocol will be on enabling greater access to DeFi on Bitcoin.
Following the development, Diego Gutiérrez Zaldívar, co-founder of RSK, said that this is a huge step forward in interoperability for RSK that means thousands of new users can access these DeFi services. Multichain secured $60 million in December in a seed funding round led by Binance Labs.
Now, a month later, the cross-chain protocol has become victim of a major hack after attackers managed to exploit a vulnerability. As a result, $3 million in cryptocurrency was drained away. However, one white hacker reportedly returned approximately $813 000 worth of ETH.