Fantom Network's Multichain Bridge Vulnerability Raises Concerns Over $1.76B Total Value Locked

The official cross-chain bridge, Multichain, of the high-speed scalable blockchain network, Fantom (FTM), is facing a significant vulnerability, which puts the network in a precarious situation. The Total Value Locked (TVL) on multichain networks has a large portion coming from Fantom, which is causing concern about the possible impact of recent developments.

The TVL of Multichain Network is approximately $1.76 billion, with the largest proportion of Fantom at 36.7%. The recent news surrounding MultiChain is alarming, as there are reports suggesting potential legal issues involving the MultiChain team, which could have dire consequences for Fantom.

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