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A certain Rabby user successfully withdrew $85,700 locked in Multichain in 2023.

2025-12-22 07:46:51

PANews, December 22 news, according to Rabby Wallet's official news, a user successfully withdrew 85,740 USD USDC through Rabby’s function, which had previously been frozen since 2023 due to the Multichain incident. Rabby allows users to track and withdraw assets left in Decentralized Finance protocols, even if the original front end is no longer functional.
According to reports, in May 2025, the Singapore High Court approved the liquidation application of the Multichain Foundation and appointed KPMG as the joint liquidator. As the liquidation process progresses, some previously frozen or locked funds are gradually becoming available for withdrawal, especially assets that were not transferred by hackers or released after being seized by law enforcement.
In addition, a U.S. court has temporarily extended the freeze on approximately $63 million worth of stolen USDC related wallets to assist the Singapore liquidators in identifying and recovering the assets. Affected Multichain users can check their wallet balances and attempt to withdraw funds via Rabby.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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