A Rabby Wallet user has successfully withdrawn $85,740 USDC that had been locked since 2023 due to the Multichain incident. This withdrawal was facilitated by Rabby's feature that allows users to track and reclaim assets from DeFi protocols, even if the original interfaces are no longer operational.
The Singapore High Court approved the liquidation of the Multichain Foundation in May 2025, appointing KPMG as a joint liquidator. As the liquidation progresses, some previously frozen funds are becoming accessible, provided they were not transferred by hackers or seized by authorities. Meanwhile, a US court has extended the freeze on wallets containing $63 million in stolen USDC to aid in asset recovery efforts. Affected users can check their balances and attempt withdrawals through Rabby.
Rabby User Withdraws $85,700 USDC from Multichain After 2023 Freeze
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