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Phantom is a digital wallet reimagined for DeFi, making it safe and easy to store, send, receive, collect, and swap tokens on the Solana blockchain. The wallet is set to provide unparalleled user experience to Ethereum and Polygon, following its successful two-year run on Solana. Phantom Multichain is compatible with MetaMask, and users can import their existing MetaMask, Solana, or EVM wallets to unlock a suite of advanced wallet features and powerful tools. The wallet also offers blocklists, a 24/7 support team, and the ability to report and hide spam NFTs. Additionally, transaction previews act as a firewall for the wallet, identifying malicious transactions and warning users before they approve them.

The wallet features human-readable transactions, which enable users to understand exactly what assets will be entering and leaving their wallet. Phantom Multichain offers a suite of security features to ensure the safety of its users' assets. The wallet has been developed with NFT power users in mind, providing support for all file formats and allowing users to view, manage, and discover NFTs from Solana, Polygon, and Ethereum on all devices. Users can also connect to dapps automatically, without having to switch networks manually. Phantom Multichain provides a convenient solution for managing all accounts and tokens across Solana, Ethereum, and Polygon, allowing users to view all their tokens and NFTs in one place. The wallet has been designed to be user-friendly, secure, and to offer advanced features that enhance the user Web3 experience. The suspension has impacted users of bridged tokens on the BNB Smart Chain, Fantom, Avalanche, and Ethereum blockchain networks.Today, May 1, 2023, Popular Solana DeFi wallet Phantom announced the release of Phantom Multichain, which is now available for all users and devices, and supports Solana, Ethereum, and Polygon.

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The affected bridged tokens include Harvest Finance (FARM), Alpaca Finance (ALPACA), Polkastarter (POLS), SuperVerse (SUPER), (AVA), Spell (SPELL), Alchemy (ACH), Fantom (FTM), Beefy (BIFI), and DeXe (DEXE). The suspension which was announced on May 25, followed days of stuck transactions that are believed to have started the current woes surrounding Multichain. Binance suspends bridged token depositsĪlthough many believe the tweet about the Multichain team being arrested by Chinese police is a FUD, the Multichain team has literally gone missing further compounding the challenges facing Multichain.Īs a result, the largest crypto exchange Binance has suspended deposits for 10 bridged tokens as they sought clarification from Multichain.

The TVL has remained largely unaffected amid the ongoing wrangles at the protocol. The Singapore-based cross-chain protocol was founded in 2020 and its total value locked (TVL) has since surpassed $1.59 billion. We sincerely apologize for the inconvenience caused.”

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All affected transactions will arrive after the upgrade is complete. “Most routes are working as usual, as some routes (Kava, zkSync, Polygon zkEVM) are temporarily suspended. In a move trying to explain what is happening, an admin in the Multichain Discord channel wrote: TruthLabs shared his permutations pointing out that he suspects a potential rugpull, which if true could cause the biggest market crisis since the Terraform Labs collapse last year. Multichain’s woes started after a self-proclaimed on-chain sleuth on Twitter, TruthLabs, highlighted how the cross-chain has amassed a total of $1.8 billion spread across different chains besides Fantom. p2sQpu9Ass- Arkham Multichain cross-chain transactions were temporarily suspended Team wallets moving ~$3M of $MULTI to have also spooked some investors, with $MULTI price falling 26.5% in 24h. Following rumours of the team being allegedly arrested in Shanghai, some large holders of $MULTI have began moving funds.

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