Multichain Foundation was hacked for over $210 million in 2023, where Sonic Labs sustained damages of around one-third of total losses.
The Sonic blockchain is a new, separate chain to the Fantom Opera network and users will soon be able to swap their FTM tokens for “S” tokens at a 1:1 ratio.
Decentralized smart contract platform Fantom has undergone a transformation, rebranding itself as Sonic Labs in preparation for the upcoming launch of Sonic, an Ethereum Virtual Machine (EVM). The rebrand was officially announced via X on August 1, with Sonic Labs now fully operational across all platforms. Fantom’s Transformation Into Sonic Labs This rebranding marks a […]
The Fantom Foundation expects the changes will beef up Fantom’s security without slowing down the network.