According to ChainCatcher, market sources indicate that a user successfully withdrew $85,740 USDC via the Rabby feature. These funds had been frozen due to the Multichain incident.
Rabby allows users to track and retrieve assets left over from DeFi protocols, even if the original front-end is no longer functional. It is understood that in May 2025, the Singapore High Court approved the Multichain Foundation's liquidation application and appointed KPMG as a joint liquidator. As the liquidation process progressed, some previously frozen or locked funds were gradually made available for withdrawal, especially assets that were not transferred by hackers or seized by law enforcement. In addition, a US court temporarily extended the freeze on wallets containing approximately $63 million worth of stolen USDC to assist the Singapore liquidator in identifying and recovering the assets. Affected Multichain users can check their wallet balances and attempt to withdraw funds through Rabby.
