Rabby Wallet Facilitates Recovery of Frozen USDC Amid Multichain Liquidation

According to PANews, a user successfully withdrew $85,740 USDC using Rabby Wallet's features, after the funds had been frozen since 2023 due to the Multichain incident. Rabby enables users to track and retrieve assets left in DeFi protocols, even if the original interface is no longer functional. In May 2025, the Singapore High Court approved the liquidation application of the Multichain Foundation and appointed KPMG as joint liquidators. As the liquidation process progresses, some previously frozen or locked funds are gradually becoming available for withdrawal, particularly those not transferred by hackers or released after being seized by law enforcement. Additionally, a U.S. court has temporarily extended the freeze on wallets containing approximately $63 million in stolen USDC to assist Singaporean liquidators in identifying and recovering assets. Affected Multichain users can check their wallet balances and attempt to withdraw funds through Rabby.