Multichain legacy fund thawing in progress, users have successfully reclaimed over 80,000 USDC.

[Block Rhythm] has more good news. The encryption wallet Rabby Wallet officially confirmed that a user successfully retrieved 85,740 USDC that had been locked in Multichain for over a year. This means that even if the original front-end page is no longer accessible, users can still recover assets scattered in DeFi protocols through tracking and extraction.

Let’s review the background. In 2023, the cross-chain routing protocol Multichain project directly collapsed, causing an abnormal outflow of approximately 125 to 130 million USD in assets at that time, and the remaining funds were mostly in a state where they could not be withdrawn at all. On the user side, there was a sea of lamentations.

But the situation is gradually improving. In May 2025, the Singapore High Court agreed to the liquidation application of the Multichain Foundation. As the liquidation process progresses, some previously frozen or locked funds have started to be unfrozen one after another. In particular, assets that were not transferred by hackers and were not seized by law enforcement agencies are now basically available for withdrawal.

This case has given hope to other users who are still waiting - as long as the assets are still on the chain, there is always a chance to recover them.