Crypto lending protocol Geist Finance is shutting down permanently due to losses from the Multichain exploit.
Multichain has declared that it has been "forced to cease operations" due to a lack of operational funding.
The link included in the tweet leads to a phishing website designed to trick individuals into revealing their sensitive information.
. The exploit resulted in the loss of over $126 million worth of various tokens, prompting Circle and Tether to freeze more than $65 million in associated assets.
Multichain suspended operations today after verifying the erroneous payment transfers.
The service disruption, attributed to a "force majeure," has caused certain cross-chain routes to become unavailable, leaving users unable to complete transactions.