BlockBeats news, December 22, crypto wallet Rabby Wallet officially announced that a user recovered 85,740 USDC that had been stuck in Multichain since 2023. Users can track and withdraw assets left in DeFi protocols, even if the original front-end has become inactive.
In 2023, the cross-chain routing protocol Multichain project collapsed, leading to large-scale abnormal asset outflows totaling approximately $125 to $130 million, with the status of remaining assets unclear and most user funds unable to be withdrawn. In May 2025, the Singapore High Court approved the liquidation application of the Multichain Foundation. As liquidation progresses, some previously frozen or locked funds are gradually becoming available for withdrawal, especially assets that were not transferred by hackers or were released after being seized by law enforcement.
