Will Optimism [OP] holders see a new bear cycle soon
ambcrypto.comOptimism’s native token OP witnessed a sharp decline of 10% during the intraday trading session on 17 August. The decline came as a result of a bunch of rumors that Optimism’s multisignature wallet had been hacked.
<p lang=«en» dir=«ltr» xml:lang=«en»>When you decide to move $450 million onchain without telling anybody why pic.twitter.com/l6lCkBUt8H— foobar (@0xfoobar) August 17, 2022
The hack scare occurred after the L2 blockchain’s multisignature wallet posted a suspicious move on the chain.
Earlier in June, Optimism lost 20 million OP tokens due to an error between multisignature addresses.
Considering the gravity of the situation, Optimism immediately took to Twitter on the evening of 17 August to debunk the rumor.
The tweet explained to its users that the OP transfers out of the multisignature address were a series of scheduled transfers made to the Coinbase Custody wallets.
<p lang=«en» dir=«ltr» xml:lang=«en»>We're seeing some confusion about recent transfers of OP out of a multisig. This is expected—today we executed a series of planned standard transfers to the Coinbase Custody wallets of various investors in OP Labs PBC.— Optimism (✨
Read more on ambcrypto.com
