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PANews reported on December 22 that, according to official Rabby Wallet news, a user successfully withdrew $85,740 USDC through Rabby's functionality. This fundPANews reported on December 22 that, according to official Rabby Wallet news, a user successfully withdrew $85,740 USDC through Rabby's functionality. This fund

A Rabby user successfully withdrew $85,700 from Multichain, which had been locked in 2023.

Author: PANews

Source: PANews

2025/12/22 15:46

WALLET$0.01726+11.57%

PANews reported on December 22 that, according to official Rabby Wallet news, a user successfully withdrew $85,740 USDC through Rabby's functionality. This fund had been frozen since 2023 due to the Multichain incident. Rabby allows users to track and withdraw assets left over from DeFi protocols, even if the original frontend has become invalid.

It is understood that in May 2025, the Singapore High Court approved the Multichain Foundation's liquidation application and appointed KPMG as a joint liquidator. As the liquidation process progressed, some previously frozen or locked funds were gradually made available for withdrawal, especially assets that were not transferred by hackers or seized by law enforcement agencies.

In addition, the US court has temporarily extended the freeze on wallets containing approximately $63 million worth of stolen USDC to assist Singapore liquidators in identifying and recovering the assets. Affected Multichain users can check their wallet balances and attempt to withdraw funds via Rabby.

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