According to Beosin researchers, cross-chain protocol Multichain has suffered significant outflows.
According to them, more than $103 million in crypto assets have been withdrawn to the address 0x1eed63efba5f81d95bfe37d82c8e736b974f477b. The assets include $23,999,250 in USDC and $29,657,932 in fUSDT.
Beosin experts have highlighted the transfers were made using many networks, including Fantom, Arbitrum, Optimism, Cronos, Polygon, Avalanche, BNB Chain, Moonbeam and Ethereum.
The researchers have also drawn attention to the long intervals between fund transfers, a pattern that suggests the possible involvement of someone related to the project.
Beosin experts have explained:
"This indicates that the attacker may have taken control of all the assets and is not in a hurry to transfer them. Based on the previous analysis, we speculate that it may be from an internal operation."
The alleged exploit occurred last July 6.