ChainThink report, December 22: The official Rabby Wallet team announced that a user successfully recovered 85,740 USDC stuck on Multichain since 2023. Users can now trace and withdraw dormant assets from DeFi protocols, even when the original frontend is no longer functional.

In 2023, the cross-chain routing protocol Multichain suffered a project collapse, triggering massive unauthorized asset outflows amounting to approximately $125 million to $130 million. The status of remaining assets remains unclear, with most users unable to retrieve their funds. In May 2025, the Singapore High Court approved the liquidation application filed by the Multichain Foundation. As liquidation progresses, certain previously frozen or locked funds are gradually being unlocked for withdrawal, particularly those not diverted by hackers or released after seizure by law enforcement authorities.