Brothers, today I must share something that feels like a dream.
Just now, I casually clicked a button, and suddenly 85,740 USDC appeared in my account.
An amount I thought had completely 'gone to the dogs' back in 2023, which still feels like a fishbone stuck in my throat every time I think about it, miraculously came back!
All of this originated from a sudden whim of 'asset consolidation'.
That thorn stuck in my heart for two years, like a 'fishbone'.
Time rewinds back to 2023, Multichain (formerly Anyswap) got into trouble, and the CEO was arrested. As soon as the news broke, I knew it was bad and shouted in the community for everyone to run. Two days later, I suddenly realized: I had over 80,000 USDC locked in another wallet, mining!
The front-end entry was closed, and the withdrawal button disappeared. At that moment, I really felt like the ultimate fool.
In the past two years, this wallet has been like a 'digital grave', every time I open it, it's a self-mockery: 'Look, this is the outcome of your DeFi recklessness.'
The 'revival' button in despair
Until today, when using the Rabby wallet + DeBank to consolidate fragmented funds from various protocols, I accidentally opened that 'grave' again.
I actually saw a long-lost [Withdraw] button!
Without any hope, I clicked it casually. Two minutes later, refreshed—85740 USDC was quietly lying in the wallet.
That shock was no less than finding a huge check in an old coat.
The truth: the liquidator's 'key' and the resilience of Decentralized USD
After the ecstasy, I went to check the reason:
In May 2025, the Singapore High Court officially approved the liquidation of the Multichain Foundation and appointed KPMG as the joint liquidator.
After taking over, the liquidators gradually released some assets that had not been completely transferred by hackers or had been unlocked after coordination with law enforcement.
Yet this key information was hardly discussed, and social media was silent.
This matter taught me a profound lesson:
In the decentralized financial world built on Decentralized USD (like USDC), even if the centralized parts of the protocol (company, management) encounter major failures, the blockchain-based asset ownership records and transparent liquidation processes may still leave a glimmer of hope for your assets.
Your USDC is always an on-chain traceable asset with clear ownership, which is starkly different from the chaos of debt recovery after a company's bankruptcy in the traditional world.
Important action reminder
If you are also a victim of the @MultichainOrg incident, please try to connect your old wallet immediately with tools like Rabby, DeBank, and see if there are any withdrawal options!
The window of opportunity may not always be open. This 'windfall' is not luck, but a legitimate right that should be known to more people during the liquidation process.
Final insights
Regularly consolidate assets: Don't let your funds scatter in forgotten corners of protocols.
Follow official liquidation progress: After a protocol encounters issues, the legal liquidation process often hides the key to recovering assets.
Trust transparency: Holding on-chain transparent assets like Decentralized USD, in extreme situations, their recovery logic is clearer than that of opaque assets.
Today, I finally pulled out that thorn in my heart. This lobster rice is the most delicious meal I've ever had.
I hope this true story can also bring you a bit of insight and luck.
