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Rabby User Successfully Recovers 85,740 USDC from 2023 Multichain Incident

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$1.0002-0.02%
A Rabby Wallet user recovered 85,740 USDC from the 2023 Multichain incident on December 22. The funds, previously frozen, became accessible after the Singapore High Court approved the Multichain Foundation’s liquidation in May 2025. The 2023 collapse led to a $125–130 million outflow, with many assets still unaccounted for. As Countering the Financing of Terrorism measures tighten, regulatory clarity under EU Markets in Crypto-Assets Regulation becomes increasingly vital for cross-chain recovery efforts.
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