It’s only been a couple weeks since we put out a video covering the hack of Binance’s BNB cross chain bridge and we’re already back with another video on cross-chain bridges. This time though, we’re zeroing in Multichain, the bridging platform with nearly $1.5 billion in total locked. That’s the second-largest bridge after Polygon PoS.
No, Multichain hasn’t just been hacked, but what we ARE seeing is dubious activity on the network that is only fueling more doubt about the vulnerabilities of cross-chain bridges. Defiant reporter Aleks Gilbert broke the news just yesterday so let’s have a little deep dive into Multichain.
0:00 Cross Chain Bridges
0:36 Recent Cross Chain Hacks
1:23 Something Odd at Multichain
2:02 Did the users know?
3:21 Complexities of Cross Chain Bridges
5:05 How bad is the worst case scenario
5:52 Transparency
