A Rabby user successfully recovered funds locked due to the 2023 Multichain incident.

According to Odaily Planet Daily, Rabby Wallet announced that a user has recovered 85,740 USDC that had been held in Multichain since 2023. Users can track and retrieve assets left over from DeFi protocols, even if the original front-end has become invalid.

In 2023, the cross-chain protocol Multichain collapsed, resulting in a large-scale abnormal asset outflow, totaling approximately $125 million to $130 million. The status of the remaining assets was unknown, and most users were unable to withdraw their funds. In May 2025, the Singapore High Court approved the Multichain Foundation's liquidation application. 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.