The instability of Multichain, a bridge-building platform, is causing concern in the Fantom ecosystem as some DeFi protocols are moving their assets to other networks to avoid the risk of devaluation or being stranded. The missing CEO and faltering infrastructure of Multichain are causing shockwaves through Fantom, which heavily relies on Multichain's bridges for moving popular cryptocurrencies in and out of its on-chain economy.

However, the moves made by some protocols appear to be precautionary as Multichain's Fantom infrastructure is still operational. Some protocols are incentivizing traders towards stablecoins issued by other bridge-builders, and some are reevaluating their risk frameworks for integrating bridged stablecoins. Beethoven X, a decentralized exchange, has transferred $300,000 in Fantom-based stablecoins to Ethereum and submitted an emergency governance proposal to move $1 million in treasury-owned liquidity to other blockchains to protect itself from a potential breakdown of Multichain's Fantom bridges.