Jinse Finance reported that Circle, the USDC issuer, responded to the recent multi-chain protocol security breach by blacklisting three wallet addresses that received large outflows of funds from cross-chain bridging platforms. Security firm PeckShield pointed out that about $63 million in USDC was frozen as a result. The incident resulted in the mysterious transfer of $126 million worth of crypto assets from Multichain’s bridge deployments on Fantom and Dogechain to various third-party wallets. The incident led Multichain to urgently advise its users not to use its services.

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