Family, who understands! I just complained to the community brother @usddio that 'money lost in Defi is equivalent to feeding dogs,' and then turned around and withdrew 85,740 USDC from Multichain, which has been dead for almost two years! My hands are still shaking holding the phone, and I rushed to the seafood restaurant to order the top-tier lobster rice. This unexpected windfall must be shared with all Defi players, especially those brothers still worried about being stuck with their funds. You might be surprised after reading this #USDD
Let me sync up with the older brothers in the @usddio community about my magical experience: Today, feeling bored, I used the Rabby wallet + DeBank to consolidate those scattered funds from various Defi protocols over the years. Many small protocols have long since collapsed, and their UIs don't even have withdrawal options anymore. I had to go to Discord one by one to dig up team contact information. I was originally just hoping for a miracle, and I ended up finding that wallet that has been painful for me for two years - the one where over 80,000 dollars got stuck in mining in 2023 when Multichain got in trouble.
To be honest, this money has long been a source of anxiety for me. Back when Multichain first had its issues, I warned those around me to withdraw, only to realize two days later that I still had money in a wallet that I hadn't transferred out. When I tried to withdraw, it directly reported an error, and I was completely confused. Over the past two years, every time I opened my wallet and saw this address, I felt like I was being mocked as a 'big fool,' having long assumed that this money was gone. Today, by some strange stroke of luck, I clicked on it and surprisingly found a withdraw button! I didn't dare to hope, and after checking @usddio's market analysis for a while, when I switched back to my wallet—I saw $85740 USDC safely lying in there!
Later, I found out that in May 2025, the High Court of Singapore approved the liquidation application of the Multichain Foundation, appointing KPMG as the liquidator. The funds that were previously locked in the MPC address finally began to be returned to the victims. I hadn't noticed this at all, and not many people mentioned it on social media, so I'm taking this opportunity to remind the victims of @MultichainOrg to check their wallets quickly, so as not to miss out on this 'windfall.'
However, amidst the happiness, I want to chat about something practical with the brothers of @usddio and all DeFi players: being able to recover the money this time was purely luck, but not everyone has such good fortune. Just like when Uranium Finance was hacked, although the U.S. authorities recovered $31 million years later, there is still a large amount of funds unaccounted for; and there was the $456 million reserve of TUSD that went missing. If it weren't for Justin Sun's timely injection of funds to save the market, many people would have faced total loss. This is also the core reason why I have always paid attention to @usddio and continue to hold USDD long-term—because in the DeFi market, 'safety' and 'stability' are paramount, especially after experiencing the pain of being trapped in funds. It’s even clearer how important it is to have projects with reliable backing and compliant operations.
Some newcomers may still not understand why @usddio is worth focusing on. First, from the perspective of fund safety, the USDD stablecoin that @usddio relies on has a complete reserve backing and strict compliance review, which fundamentally reduces the risk of funds being frozen due to issues with project parties like Multichain. Compared to those wild protocols that attract users with 'high returns' but can't even meet basic compliance, @usddio is the kind of steady project that can truly protect our principal.
Secondly, in the current market environment, @usddio has been continuously improving its ecosystem layout. Whether it's cross-chain payments or DeFi financial scenarios, it is continuously optimizing the user experience. Just like this time when I used Rabby + DeBank to recover funds, it essentially relies on the convenience of the tools, while what @usddio is doing is combining 'convenience' and 'safety,' allowing us ordinary users to participate in DeFi without worrying about issues like 'unable to withdraw money' or 'being hacked.' Especially the stability of USDD's peg plays a crucial role as a 'ballast stone' during significant market fluctuations, which is also the key to why #USDD stands out among many stablecoins.
To be frank, as a seasoned DeFi participant who has fallen into countless traps, my criteria for selecting projects are particularly simple: first, look for safety; second, look for compliance; third, look for long-term value. @usddio just happens to meet these three requirements, which is also why I am willing to repeatedly recommend it to everyone in the community. Although I’m happy to have recovered $80,000, I hope everyone can understand through my experience that in the crypto market, don't let short-term high returns cloud your judgment. Choosing a reliable project like @usddio and holding stable assets like USDD is the way to go for the long term.
Lastly, I want to remind everyone again: victims of Multichain should quickly check their wallets! For those who haven't followed @usddio, I strongly recommend getting to know it, because in this market, preserving principal is essential for any subsequent profit potential. I ate this lobster rice on behalf of everyone today, and I hope everyone can avoid pitfalls, safeguard their money, and steadily make money alongside @usddio on the compliant track #USDD .
