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.

2025/12/22 15:46

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.

Market Opportunity
Ambire Wallet Logo
Ambire Wallet Price(WALLET)
$0.01726
$0.01726$0.01726
+11.57%
USD
Ambire Wallet (WALLET) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference

Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference

The post Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference appeared on BitcoinEthereumNews.com. Key Takeaways Ethereum’s new roadmap was presented by Vitalik Buterin at the Japan Dev Conference. Short-term priorities include Layer 1 scaling and raising gas limits to enhance transaction throughput. Vitalik Buterin presented Ethereum’s development roadmap at the Japan Dev Conference today, outlining the blockchain platform’s priorities across multiple timeframes. The short-term goals focus on scaling solutions and increasing Layer 1 gas limits to improve transaction capacity. Mid-term objectives target enhanced cross-Layer 2 interoperability and faster network responsiveness to create a more seamless user experience across different scaling solutions. The long-term vision emphasizes building a secure, simple, quantum-resistant, and formally verified minimalist Ethereum network. This approach aims to future-proof the platform against emerging technological threats while maintaining its core functionality. The roadmap presentation comes as Ethereum continues to compete with other blockchain platforms for market share in the smart contract and decentralized application space. Source: https://cryptobriefing.com/ethereum-roadmap-scaling-interoperability-security-japan/
Share
BitcoinEthereumNews2025/09/18 00:25
The “Bitcoin Senator” Sets Her Departure: A Final Chapter for Cynthia Lummis

The “Bitcoin Senator” Sets Her Departure: A Final Chapter for Cynthia Lummis

In a move that has surprised both Washington and the digital asset community, Senator Cynthia Lummis (R-Wyo.) officially announced on December 19, 2025, that she
Share
Coinstats2025/12/22 18:08
Buterin pushes Layer 2 interoperability as cornerstone of Ethereum’s future

Buterin pushes Layer 2 interoperability as cornerstone of Ethereum’s future

Ethereum founder, Vitalik Buterin, has unveiled new goals for the Ethereum blockchain today at the Japan Developer Conference. The plan lays out short-term, mid-term, and long-term goals touching on L2 interoperability and faster responsiveness among others. In terms of technology, he said again that he is sure that Layer 2 options are the best way […]
Share
Cryptopolitan2025/09/18 01:15