Andre Conje: The Multichain Exploit is a Big Blow to the Industry

• Andre Conje says the recent Multichain exploit is a big blow to the blockchain space.
• According to Conje, users trusted the Multichain team’s assurances in error.
• Conje is working in collaboration with relevant organizations to recover assets.

Andre Conje, a renowned blockchain developer popularly known for creating Yearn Finance and Keep3rV1, considers the recent Multichain exploit a big blow to the blockchain space. Conje explained during an AMA session that there were a lot of assurances from the team behind the project. He insinuated that users trusted the team’s assurances around the server decentralization, access, and geolocation distribution.

Andre Cronje: Multichain was a big blow, we had a lot of assurances from the team around the server decentralization, access. We are exploring all options at this point, working with relevant organizations to try and recover assets, even using foundation treasury. The foundation…

— Wu Blockchain (@WuBlockchain) July 15, 2023

Conje noted that, in the aftermath of the exploit, he is working in collaboration with relevant organizations to recover assets, noting that they are exploring all available options…

The post Andre Conje: The Multichain Exploit is a Big Blow to the Industry appeared first on Coin Edition.