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Cryptocurrencies/Coins/Moonriver (MOVR)
Moonriver price, market cap on Coin360 heatmap

Moonriver(MOVR)

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$12.6896
(2.32%)
0.00019889 BTC
Market Cap (Rank#383)
$113,340,339
1,776 BTC
Vol 24h
$7,294,107
114.324 BTC
Circulating Supply
8,931,720
Max Supply
10,000,000
284 days agocryptodaily
DeFi Platform Arcadia Finance Hacked for $455K
Another day, another DeFi hack. Arcadia Finance has reportedly been the victim of an exploit which allowed hackers to drain roughly $455,000. Decentralised finance (DeFi) platform Arcadia Finance has reportedly become the latest victim of a hack. Blockchain investigating firm PeckShields reported the exploit and said it was due to “the lack of untrusted input validation.” #PeckShieldAlert Our community contributor has detected that @ArcadiaFi has been exploited on both #Ethereum and #Optimism for ~$455KThe exploiter on #Ethereum was frontrun by 0x5C75e94dD0Ab9c10BFd1B8073DafEF031D3c050dhttps://t.co/blGx5IEAkkThe exploiter on #optimism… pic.twitter.com/WDzF0XVcmL — PeckShieldAlert (@PeckShieldAlert) July 10, 2023 PeckShields alerted about a code vulnerability that allowed a hacker to drain funds worth about $455,000 from Ethereum (darcWETH) and Optimism (darcUSDC) vaults. According to the firm, the code vulnerability lacked a validation mechanism to cross-check unverified inputs. It added, “There is a lack of reentrancy protection, which allows for the instant liquidation to bypass the internal vault health check.” PeckShields also reported the exploiter transferred roughly 179 ETH by bridging 148 ETH and swapping 59,000 USDC to crypto mixer Tornado Cash. Arcadia TVL Drops 76% Following the hack, DeFiLlama reported that Arcadia’s Total Value Locked (TVL) dropped by a staggering 76%, from $605,000 to $145,000. The exploit on Arcadia Finance comes only days after a $130 million hack on Multichain’s MPC bridge platform. Observers noted $102 million worth of crypto was withdrawn from the Multichain Fantom bridge on the Ethereum side. $666,000 worth of Dogecoin (DOGE) and $5 million from Moonriver were also removed. An additional 7214 Wrapped Ether tokens, 1024 Wrapped Bitcoin, and $58 million worth of USDC tokens were drained from the Fantom bridge’s Ethereum smart contract. Arcadia Acknowledges Exploit Arcadia Finance acknowledged the exploit on their protocol but has yet to provide further information. The platform informed its users this morning that it had contacted the hacker. We have initiated contact with the attacker. https://t.co/dh74gG90n6 https://t.co/O39Slsc1z5We will continue to work with our security partners, law enforcement, and the broader community to resolve this as best we can. Our number one priority is recovering funds for Arcadia… — Arcadia Finance (@ArcadiaFi) July 10, 2023 Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
287 days agocoindesk
Multichain Team Confirms Exploit Across Fantom, Moonriver and Dogechain Bridges
“It is recommended that all users suspend the use of Multichain services and revoke all contract approvals related to Multichain,” developers said early Friday.
287 days agocryptodaily
$130M Worth Of Outflows From Multichain Spark Fears Of Exploit
The Multichain MPC bridge platform has seen abnormally large outflows, fueling concerns that the platform could be a target for a multi-million dollar exploit. According to the available information, over $130 million worth of crypto has been moved out from the bridge platform. Huge Outflows From Multichain The outflows first came to light on the 6th of July, when observers noticed that $102 million worth of crypto was withdrawn from the Multichain Fantom bridge on the Ethereum side. Additionally, $666,000 worth of Dogecoin and $5 million from Moonriver were also withdrawn. Additionally, 7214 Wrapped Ether (WETH) tokens worth $13.6 million, 1024 Wrapped Bitcoin (WBTC) worth $31 million, and $58 million worth of the USDC stablecoin were withdrawn from the Fantom bridge’s Ethereum smart contract. The total value of the cryptocurrency removed by the end of the day stood at over $100 million. Additionally, the Dogecoin bridge’s Ethereum contract saw a withdrawal of around $666,000, which accounts for over 86% of its total deposits. As a result, the bridge currently has only around $100,000 worth of assets remaining. Over $5.8 million worth of USDT and USDC were also withdrawn from the Multichain Moonriver contracts on Ethereum, with the Moonriver bridge contracts now having only around $700,000 remaining on them. Possible Exploit? Several on-chain investigators took to Twitter to warn the community that the event could be a possible exploit. Curve Finance was among the first to warn users that Multichain was, in all probability, hacked and that they should revoke all approvals. “Multichain likely hacked. Exit all multichain assets. Good idea to revoke approvals to multichain bridge if you had any.” Blockchain security firm PeckShield tagged Multichain in a Twitter post, highlighting the Phantom chain transactions and urging the team to take a closer look. Another commentator remarked that the entire fiasco looked like another massive hack, while On-chain investigator Spreek posted the Dogecoin transactions, urging the team to look at the transactions. However, Multichain did not respond to the tweets in question. Meanwhile, Fantom Foundation CEO Michael Kong stated that the Fantom team was looking into the issue. Multichain Finally Responds Multichain finally responded to users in a later tweet, stating that the movement of funds was indeed abnormal, and the team was “unsure of what was happening and is currently investigating the issue.” Multichain stated on Twitter, “The lockup assets on the Multichain MPC address have been moved to an unknown address abnormally. The team is not sure what happened and is currently investigating. It is recommended that all users suspend the use of Multichain services and revoke all contract approvals related to Multichain.” Multichain’s Growing Issues Multichain is a multi-party computation (MPC) bridging network, enabling users to bridge assets between chains. When a user wishes to bridge an asset, Multichain first confirms if the assets have been locked on the first chain. Once confirmed, the network mints the derivative assets on the second chain. When a user wishes to make a withdrawal, the process repeats itself, but in reverse. It will first confirm if the derivative assets have been destroyed on the second chain before releasing the locked assets back on the first chain. Multichain’s team claims that the cryptographic keys controlling the entire process are split into shards and then distributed throughout the network. This should, theoretically, prevent any entity from making unauthorized withdrawals. However, Multichain has been in the news for all the wrong reasons after suffering unspecified technical problems over the past few weeks. The team announced on the 31st of May that the CEO had gone missing, with the network suffering a multitude of problems due to unforeseeable circumstances, leading to significant transaction delays. Binance also announced that it was halting the withdrawal of some Multichain derivative tokens due to network issues on Multichain. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
288 days agocoindesk
Multichain Bridges Experience Unannounced Outflows of Over $130M in Crypto
Multichain's bridges for Fantom, Dogechain and Moonriver are seeing major unexplained outflows.

About Moonriver?

The live price of Moonriver (MOVR) today is 12.6896 USD, and with the current circulating supply of Moonriver at 8,931,720 MOVR, its market capitalization stands at 113,340,339 USD. In the last 24 hours MOVR price has moved 0.2253 USD or 0.02% while 7,302,156 USD worth of MOVR has been traded on various exchanges. The current valuation of MOVR puts it at #383 in cryptocurrency rankings based on market capitalization.

Learn more about the Moonriver blockchain network and how it works or follow the price of its native cryptocurrency MOVR and the broader market with our unique COIN360 cryptocurrency heatmap.

Moonriver Price12.6896 USD
Market Rank#383
Market Cap113,340,339 USD
24h Volume7,294,107 USD
Circulating Supply8,931,720 MOVR
Max Supply10,000,000 MOVR
Yesterday's Market Cap114,015,080 USD
Yesterday's Open / Close12.5399 USD / 12.7652 USD
Yesterday's High / Low12.9994 USD / 11.6103 USD
Yesterday's Change
0.02% ( 0.2253 USD )
Yesterday's Volume7,302,155.50 USD
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