Multichain Says $1.4M in Ether Siphoned From Users Who Failed to Update Approvals

From coindesk.com

Multichain users who didn't update their approvals as instructed yesterday have been exploited and have lost 445 wrapped ether ($1.4 million), the project tweeted on Tuesday. • On Monday, Multichain instructed its users to remove approvals for six tokens and said otherwise their assets would be exposed to a security vulnerability. The tokens in question were WETH, PERI, OMT, WBNB, MATIC and AVAX. • Decentralized finance security firm Dedaub first found the flaw, which Multichain said it had fixed. • Later on Tuesday, crypto security firm PeckShield revealed the wallet address where the stolen funds had been ... (full story)