Based on multiple conversations with the Multichain team and many other projects who uses the same platform, I personally believ
24 Jul 2023, 13:32
Based on multiple conversations with the Multichain team and many other projects who uses the same platform, I personally believe the multichain case is far worse than what has been made public. There are many moving pieces right now, which is why it's difficult to give a realistic update, and it's not my place to speculate.
However, the SafeBLAST Community remains our top priority and there are multiple options on the table, including creating a new bridge....etc.
Also, we can just leave whatever tokens are on those different chains to be the only ones there until further notice. Alternatively, we can use future CEXs to make transfers from one blockchain to another.
The Multichain bridge contract, which currently holds about 4T tokens, is the elephant in the room. I was the first LP provider on that bridge but definitely not the only one, PLUS most of those tokens are collected bridge fees.
There will be a future resolution on this issue as more information becomes available. But for now, DO NOT USE MULTI-CHAIN BRIDGE for any thing - period. 🙏👍