Sonic Labs Secures Court-Ordered Multichain Liquidation After $210M Hack, Users Await Repayment
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Multichain has entered liquidation after Singapore’s High Court granted Sonic Labs’ petition on May 9 2025, appointing KPMG partners as liquidators. The order follows a default ruling over a 2023 breach that has moved $210 million out of user wallets across several networks.
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