Rewrite this article. Make the first couple of paragraphs about what Multichain is.

Worries about the stability of Multichain and its total value locked (TVL) of $1.5 billion, sparked a major sell-off of the project’s token, MULTI, yesterday.

The panic was triggered by a tweet claiming that users were reporting delays in receiving assets across the bridge and that an insider was dumping tokens. 

A transfer of almost 500,000 MULTI (worth approximately $3.2 million at the time) was made from an address suspected to be either a Multichain team member or an investor. The tokens, which hadn’t been touched since they were first received over a year ago, were sent to the centralized exchange Gate.io, where users inferred they would be sold off.

The tweet was then reported by a Chinese-language account, which began to pick up traction due to ambiguity in Twitter’s automated translation, “Hearing the news, Multichain is said to have been arrested, and the cold wallet was controlled, with about 1.5B of funds.”

Rumors then began to spread that the team had been apprehended by Chinese authorities and that assets locked in the bridge may be compromised.

Multichain had published an announcement the day before, warning that certain routes would face delays due to a back-end upgrade; however, the team’s communications in response to the worries left much to be desired.

Eight hours after 0xScope’s original tweet, Multichain responded to the rumors with a statement of its own which only led to more questions:

While most of the cross-chain routes of Multichain protocol are functioning well,  some of the cross-chain routes are unavailable due to force majeure, and the time for service to resume is unknown. After service is restored, pending transactions will be credited automatically. Multichain will compensate users who are affected during this process, and the compensation plan will be announced later.

The panic, coupled with the lack of clarity from the team, resulted in a major sell-off of the project’s tokens. The price of MULTI, which had already been dropping since the weekend, fell from around $6.50 to below $4.90 at the time of writing.

Today, users are still waiting on a more detailed statement from the team, MULTI continues to drop in price, and Binance has announced a temporary suspension of deposits for certain Multichain assets.
Blockchain bridges hold $10 billion in assets

Multichain is a source of popular DeFi tokens, such as WETH and USDC, on chains where such tokens are not natively deployed. This means that the value of Multichain tokens on these other chains is derived solely from their counterparts locked in the Ethereum side of the bridge.

The blockchain most dependent on Multichain-backed assets is Fantom. Almost 200 million USDC, 230 million of other stablecoins (MAI, fUSD, and DAI), and $50 million worth of WETH on Fantom are Multichain tokens, according to the project’s dashboard. 

If Multichain were to be compromised (or hacked, as happened in 2021 before a rebrand from Anyswap) the bridged tokens would rapidly become worthless without their mainnet backing.

Blockchain bridges hold a combined $10 billion in assets, making them the fourth largest category of DeFi protocol, according to DeFiLlama. They are critical infrastructure for moving assets between blockchains, each of which is a closed system.

Read more: DeFi has rough weekend with Aave and Tornado Cash chaos

Any potential issues with bridges tend to cause panic; whole ecosystems can instantly find themselves cut off, with bridged assets suddenly ‘stuck’ and separated from their backing.

Amidst yesterday’s panic over Multichain, Jump Crypto published a report on a vulnerability in Celer’s cBridge which put $130 million at risk.

The immense concentration of funds also makes bridges a prime target for hackers. Last year saw a number of nine-figure bridge exploits, including Binance’s BNB Bridge, Nomad, Ronin and Wormhole.
system
is lekh ko phir se likhen.multichaiyn kya he, iske bare main paragraph ke pehle jode ko banaaen.

multichaiyn kii sthirataa or 1.5 billian dollar ke kul mulya lock (tiviel) kii sthirataa ke bare main chintaa, kal pariyojna ke token, multi, kii ek badi bikri-band ho gai.

ghabrahat ko ek twit se trigar kiya gaya tha, jisamen daawa kiya gaya tha ki upyogkarta pul main sampatti praapt karne main deree kii report kar rahe the or ek andruni sutara token ko damp kar rahaa tha.

lagbhag 500,000 multi (us samay lagbhag $ 3.2 million mulya) kaa hastantaran ek pate se kiya gaya tha, jise yaa to multichaiyn team ke sadsy yaa niveshak hone kaa andeh tha.token, jise tab se nahin chuaa gaya tha jab unhen pehali baar ek saal pehle praapt kiya gaya tha, unhen kendrikrut exange get.aaio main bheja gaya tha, jahaan upyogkartaaon ne anumaan lagaaya tha ki unhen bech diya jayega.

twit ko tab ek chini bhashaa ke khate dwaara report kiya gaya tha, jisane twitor ke swachaalit anuwaad main aspashtataa ke kaaran karshan ko uthaanaa shuru kar diya tha, “samachar sunakar, multichaiyn ko giraftaar kiya gaya tha, or thand batue ko niyantrit kiya gaya tha, lagbhag 1.5 bi ke saath.fund kaa. ”

afvaahen failane lageen ki team ko chini adhikariyon dwaara pakadaa gaya tha or pul main band sampatti se samjhauta kiya ja saktaa he.

multichaiyn ne ek din pehle ek ghoshnaa prakashit kii thi, chetavanee dete hue ki kuch margon ko back-and apgrade ke kaaran deree kaa saamana karnaa padegaa;haalanki, chintaaon ke jawaab main team ke sanchaar ne vaanchit hone ke liye bahut kuch chhod diya.

0xscope ke mul twit ke aath ghante baad, multichaiyn ne apane swayan ke ek bayaan ke saath afvaahon kaa jawaab diya, jiske kaaran keval adhik prashn the:

jabaki multichaiyn protocol ke adhikansh cross-chen maarg acchhee tarah se kaam kar rahe hai, kuch cross-chen maarg bal major ke kaaran anuplabdh hai, or seva ke liye phir se shuru karne ke liye samay agyaat he.seva ko behaal karne ke baad, lambit lenden ko swachaalit rup se jamaa kiya jayega.multichaiyn un upyogkartaaon kii bharpai karegaa jo is prakriya ke dauraan prabhavit hote hai, or muaavja yojana kii ghoshnaa baad main kii jaaegi.

team se spashtataa kii kami ke saath milakar ghabrahat ke parinamswaroop pariyojna ke token kii ek badi bikri hui.multi kii keemat, jo saptahanth ke baad se pehle se hi gir rahi thi, lekhan ke samay lagbhag $ 6.50 se $ 4.90 se neeche gir gai.

aaj, upyogkarta abhi bhi team se adhik vistrut bayaan par intjaar kar rahe hai, multi keemat main giravat jari he, or binence ne kuch multichaiyn parisampattiyon ke liye jamaa ke asthaayee nilamban kii ghoshnaa kii he.
blockchen pulon kii sampatti main $ 10 billian he

multichaiyn lokapriy dephi token kaa ek strot he, jaise ki WETH or USDC, chen par jahaan aise token mul rup se tainaat nahin kiye jate hai.iskaa matlab yah he ki in anya shrinkhalaaon par multichaiyn token kaa mulya keval unke samakakshon se pul ke atharium paksh main band he.

multichaiyn-samarthit parisampattiyon par sabase adhik nirbhar blockchen fantasy he.pariyojna ke dashaboard ke anusaar, lagbhag 200 million USDC, 230 million anya Stablecoins (MAI, FUSD, or DAI) ke 230 million, or Fantom par $ 50 million mulya ke multichen token hai.

yadi multichaiyn se samjhauta kiya janaa tha (yaa hack kiya gaya tha, jaisaa ki 2021 main kisi bhi tarah se ek ribrands se pehle hua tha) brijd token teji se unke mennett baking ke bina bekaar ho jayega.

blockchen brijes ne sampatti main sanyukt rup se $ 10 billian kaa aayojan kiya, jisase unhen diefai protocol kii chauthi sabase badi shrenee banaati he, dephilama ke anusaar.ve blockchen ke bich sampatti ko sthanantarit karne ke liye mahatvapurn buniyadi dhaancha hai, jinamein se prayek ek band pranali he.

or padhein: defi ke paas eve or bavandar cash cas ke saath mote taur par saptahanth he

pulon ke saath koi bhi sambhavit mudde aatank kaa kaaran banate hai;sampurna paristhitik tantra turant khud ko kaat sakate hai, jisamen achaanak 'atak' kii sampatti ke saath or unke samarthan se alag ho gaye hai.

multichaiyn par kal kii ghabrahat ke bich, jump krypto ne celer ke Cbridge main ek bhedyata par ek report prakashit kii, jisamen $ 130 million kaa jokhim tha.

dhan kii vishaal ekaagratha bhi pulon ko havers ke liye ek pramukh lakshya banaati he.pichley saal kai nau-aankada pul ke karname dekhe gaye, jinamein binence ke bienbi brij, nomed, ronin or varmhole shaamil the.
user
multichaiyn-brij multichaiyn kaa upyog aksar blockchen ke bich WETH yaa USDC jaise lokapriy token ko swap karne ke liye kiya jaataa he.pulon kaa upyog aksar ek blockchen par token ko lock karne ke liye kiya jaataa he or unhen duusare blockchen par samaan token ke liye aadan -pradaan kiya jaataa he.ek pul ke bina, blockchen ke bich mulya ko sthanantarit karnaa mushkil hoga.
phantum jaise kuch chote blockchen ne multichaiyn kaa baari istemaal kiya he.udhaaharan ke liye, phantum main USDC, MAI, FUSD, or DAI jaise Stablecoins main lagbhag 430 million dollar or DAI main $ 50 million hai.yadi multichaiyn kaa shoshan hua yaa neeche chalaa gaya to unka mulya buree tarah se kshatigrast ho jayega.
pul aksar bahu-million-dollar ke karnaamon ke liye asurakshit hote hai.multichaiyn ko pehle 2021 main anivap se phir se shuru karne se pehle shoshan kiya gaya tha.pulon ke mahatvapurn karnaamon main varmhole, ronin, nomed or bienbi brij se pichley saal kii chori bhi shaamil hai.
dyphilama kaa anumaan he ki sabhi pulon main kul $ 10 billian kaa mulya he.yah unhen mulya dwaara diefai kii chauthi sabase badi shrenee banaata he.pulon ke saath koi bhi samasya ghabrahat or pul dwaara utpann token kii bikri ko chingaari kar sakati he.
multichaiyn vartmaan main sampatti main $ 1.5 billian he.haalanki, ek twitor post main kaha gaya he ki kuch upyogkartaaon ko sampatti praapt karne main deree kaa anubhav ho rahaa tha or ek bada token dharak damp kar rahaa tha, sampatti ko multichaiyn ke deshi token, multi kii bikri hui.
blockchen data ne 500,000 multi ke hastantaran kaa sanket diya, jo ki transfar ke samay lagbhag 3.2 million dollar kaa tha, jo ki get.aaio naamak ek kendrikrut exange main tha.multi ko sambhawatah bechaa gaya tha.
ek chini bhashaa ke twitor acount ne karshan ko uthaaya.twitor kii swachaalit anuwaad seva ne ek kharaab anuwaad pradaan kiya ho saktaa he, lekin aisa lagata he ki multichaiyn kii team ko giraftaar kiya gaya ho saktaa he or dhan jame hue the.twitor upyogkartaaon ne afvaah par uthaaya, yah kehete hue ki chini adhikariyon ne team ko giraftaar kiya ho saktaa he.
multichaiyn ne apni sthiti ke bare main kai vivaran pradaan nahin kiya, iske alaava yah anumati dene ke alaava ki ek apgrade ne kuch margon main deree kii ho sakati he or afvaahon kaa jawaab is tarah se kiya ja saktaa he ki keval adhik aspashtataa ko joda gaya.isane "force maiyor" kaa hawala diya ki kuch cross-chen maarg anuplabdh the.isane vaada kiya ki seva ko behaal kiya jayega or jitani jaldi ho sake parisampattiyon ko shrey diya jayega.spashtataa kii kami ghabrahat or multi kii bikri main joda gaya.
multi kaa mulya $ 6.50 se ghatakar $ 4.90 se neeche ho gaya he or girnaa jari he.kuch exenjon jaise ki binence ne kuch multichaiyn-aadhaarit parisampattiyon ke jamaa ko nilambit kar diya he.
assistant
<|system|>
</s>
<|user|>
is lekh ko phir se likhen.multichaiyn kya he, iske bare main paragraph ke pehle jode ko banaaen.

multichaiyn kii sthirataa or 1.5 billian dollar ke kul mulya lock (tiviel) kii sthirataa ke bare main chintaa, kal pariyojna ke token, multi, kii ek badi bikri-band ho gai.

ghabrahat ko ek twit se trigar kiya gaya tha, jisamen daawa kiya gaya tha ki upyogkarta pul main sampatti praapt karne main deree kii report kar rahe the or ek andruni sutara token ko damp kar rahaa tha.

lagbhag 500,000 multi (us samay lagbhag $ 3.2 million mulya) kaa hastantaran ek pate se kiya gaya tha, jise yaa to multichaiyn team ke sadsy yaa niveshak hone kaa andeh tha.token, jise tab se nahin chuaa gaya tha jab unhen pehali baar ek saal pehle praapt kiya gaya tha, unhen kendrikrut exange get.aaio main bheja gaya tha, jahaan upyogkartaaon ne anumaan lagaaya tha ki unhen bech diya jayega.

twit ko tab ek chini bhashaa ke khate dwaara report kiya gaya tha, jisane twitor ke swachaalit anuwaad main aspashtataa ke kaaran karshan ko uthaanaa shuru kar diya tha, “samachar sunakar, multichaiyn ko giraftaar kiya gaya tha, or thand batue ko niyantrit kiya gaya tha, lagbhag 1.5 bi ke saath.fund kaa. ”

afvaahen failane lageen ki team ko chini adhikariyon dwaara pakadaa gaya tha or pul main band sampatti se samjhauta kiya ja saktaa he.

multichaiyn ne ek din pehle ek ghoshnaa prakashit kii thi, chetavanee dete hue ki kuch margon ko back-and apgrade ke kaaran deree kaa saamana karnaa padegaa;haalanki, chintaaon ke jawaab main team ke sanchaar ne vaanchit hone ke liye bahut kuch chhod diya.

0xscope ke mul twit ke aath ghante baad, multichaiyn ne apane swayan ke ek bayaan ke saath afvaahon kaa jawaab diya, jiske kaaran keval adhik prashn the:

jabaki multichaiyn protocol ke adhikansh cross-chen maarg acchhee tarah se kaam kar rahe hai, kuch cross-chen maarg bal major ke kaaran anuplabdh hai, or seva ke liye phir se shuru karne ke liye samay agyaat he.seva ko behaal karne ke baad, lambit lenden ko swachaalit rup se jamaa kiya jayega.multichaiyn un upyogkartaaon kii bharpai karegaa jo is prakriya ke dauraan prabhavit hote hai, or muaavja yojana kii ghoshnaa baad main kii jaaegi.

team se spashtataa kii kami ke saath milakar ghabrahat ke parinamswaroop pariyojna ke token kii ek badi bikri hui.multi kii keemat, jo saptahanth ke baad se pehle se hi gir rahi thi, lekhan ke samay lagbhag $ 6.50 se $ 4.90 se neeche gir gai.

aaj, upyogkarta abhi bhi team se adhik vistrut bayaan par intjaar kar rahe hai, multi keemat main giravat jari he, or binence ne kuch multichaiyn parisampattiyon ke liye jamaa ke asthaayee nilamban kii ghoshnaa kii he.
blockchen pulon kii sampatti main $ 10 billian he

multichaiyn lokapriy dephi token kaa ek strot he, jaise ki WETH or USDC, chen par jahaan aise token mul rup se tainaat nahin kiye jate hai.iskaa matlab yah he ki in anya shrinkhalaaon par multichaiyn token kaa mulya keval unke samakakshon se pul ke atharium paksh main band he.

multichaiyn-samarthit parisampattiyon par sabase adhik nirbhar blockchen fantasy he.pariyojna ke dashaboard ke anusaar, lagbhag 200 million USDC, 230 million anya Stablecoins (MAI, FUSD, or DAI) ke 230 million, or Fantom par $ 50 million mulya ke multichen token hai.

yadi multichaiyn se samjhauta kiya janaa tha (yaa hack kiya gaya tha, jaisaa ki 2021 main kisi bhi tarah se ek ribrands se pehle hua tha) brijd token teji se unke mennett baking ke bina bekaar ho jayega.

blockchen brijes ne sampatti main sanyukt rup se $ 10 billian kaa aayojan kiya, jisase unhen diefai protocol kii chauthi sabase badi shrenee banaati he, dephilama ke anusaar.ve blockchen ke bich sampatti ko sthanantarit karne ke liye mahatvapurn buniyadi dhaancha hai, jinamein se prayek ek band pranali he.

or padhein: defi ke paas eve or bavandar cash cas ke saath mote taur par saptahanth he

pulon ke saath koi bhi sambhavit mudde aatank kaa kaaran banate hai;sampurna paristhitik tantra turant khud ko kaat sakate hai, jisamen achaanak 'atak' kii sampatti ke saath or unke samarthan se alag ho gaye hai.

multichaiyn par kal kii ghabrahat ke bich, jump krypto ne celer ke Cbridge main ek bhedyata par ek report prakashit kii, jisamen $ 130 million kaa jokhim tha.

dhan kii vishaal ekaagratha bhi pulon ko havers ke liye ek pramukh lakshya banaati he.pichley saal kai nau-aankada pul ke karname dekhe gaye, jinamein binence ke bienbi brij, nomed, ronin or varmhole shaamil the.</s>
<|assistant|>
multichaiyn-brij multichaiyn kaa upyog aksar blockchen ke bich WETH yaa USDC jaise lokapriy token ko swap karne ke liye kiya jaataa he.pulon kaa upyog aksar ek blockchen par token ko lock karne ke liye kiya jaataa he or unhen duusare blockchen par samaan token ke liye aadan -pradaan kiya jaataa he.ek pul ke bina, blockchen ke bich mulya ko sthanantarit karnaa mushkil hoga.
phantum jaise kuch chote blockchen ne multichaiyn kaa baari istemaal kiya he.udhaaharan ke liye, phantum main USDC, MAI, FUSD, or DAI jaise Stablecoins main lagbhag 430 million dollar or DAI main $ 50 million hai.yadi multichaiyn kaa shoshan hua yaa neeche chalaa gaya to unka mulya buree tarah se kshatigrast ho jayega.
pul aksar bahu-million-dollar ke karnaamon ke liye asurakshit hote hai.multichaiyn ko pehle 2021 main anivap se phir se shuru karne se pehle shoshan kiya gaya tha.pulon ke mahatvapurn karnaamon main varmhole, ronin, nomed or bienbi brij se pichley saal kii chori bhi shaamil hai.
dyphilama kaa anumaan he ki sabhi pulon main kul $ 10 billian kaa mulya he.yah unhen mulya dwaara diefai kii chauthi sabase badi shrenee banaata he.pulon ke saath koi bhi samasya ghabrahat or pul dwaara utpann token kii bikri ko chingaari kar sakati he.
multichaiyn vartmaan main sampatti main $ 1.5 billian he.haalanki, ek twitor post main kaha gaya he ki kuch upyogkartaaon ko sampatti praapt karne main deree kaa anubhav ho rahaa tha or ek bada token dharak damp kar rahaa tha, sampatti ko multichaiyn ke deshi token, multi kii bikri hui.
blockchen data ne 500,000 multi ke hastantaran kaa sanket diya, jo ki transfar ke samay lagbhag 3.2 million dollar kaa tha, jo ki get.aaio naamak ek kendrikrut exange main tha.multi ko sambhawatah bechaa gaya tha.
ek chini bhashaa ke twitor acount ne karshan ko uthaaya.twitor kii swachaalit anuwaad seva ne ek kharaab anuwaad pradaan kiya ho saktaa he, lekin aisa lagata he ki multichaiyn kii team ko giraftaar kiya gaya ho saktaa he or dhan jame hue the.twitor upyogkartaaon ne afvaah par uthaaya, yah kehete hue ki chini adhikariyon ne team ko giraftaar kiya ho saktaa he.
multichaiyn ne apni sthiti ke bare main kai vivaran pradaan nahin kiya, iske alaava yah anumati dene ke alaava ki ek apgrade ne kuch margon main deree kii ho sakati he or afvaahon kaa jawaab is tarah se kiya ja saktaa he ki keval adhik aspashtataa ko joda gaya.isane "force maiyor" kaa hawala diya ki kuch cross-chen maarg anuplabdh the.isane vaada kiya ki seva ko behaal kiya jayega or jitani jaldi ho sake parisampattiyon ko shrey diya jayega.spashtataa kii kami ghabrahat or multi kii bikri main joda gaya.
multi kaa mulya $ 6.50 se ghatakar $ 4.90 se neeche ho gaya he or girnaa jari he.kuch exenjon jaise ki binence ne kuch multichaiyn-aadhaarit parisampattiyon ke jamaa ko nilambit kar diya he.</s>
