There have been striking developments recently in the world of Bitcoin and altcoins. Accordingly, the latest development took place in a cryptocurrency project. The news is interesting. A problem has arisen, such as not being able to reach the CEO of the project. Let’s have a look at the details.
Altcoin CEO unreachable!
Cross-chain protocol Multichain confirmed that due to ongoing technology issues, the team was unable to reach its CEO. In a statement, the team states that the Multichain protocol has experienced a lot of problems in the last two days. It was emphasized that the team is working hard to solve the problems. However, despite all these efforts, the team states that they have not reached the CEO. Accordingly, it is stated that the server access required for maintenance has become impossible. The team also made a call to their partners. Accordingly, its partners were asked not to work on the altcoin Multichain protocol for cross-chain transactions.
The whereabouts of the CEO is still a mystery. cryptocoin.com As we have mentioned before, we are alone with protocol problems. On the other hand, news such as the CEO being arrested in China are also on the market. The protocol’s problems have to do with the so-called routers that provide the links between the chains. Two of the routers – Router 2 and now Router 5 – are down, affecting connectivity between chains like Kava, zkSync, and Polygon zkEVM.
The problem exceeds the team
There is another statement made by the team of the cryptocurrency project. The team notes that the latest issue announced today affects a number of chains. Accordingly, for the solution of the problem, the team emphasizes that “this problem is beyond the current permissions and capabilities of the team”. On the other hand, the altcoin project team states that they are doing work to protect the interests of users. Accordingly, the team states in the UI that they have decided to suspend the relevant cross-chain service for the affected chain. In addition, the team emphasizes that a similar problem was experienced in Router2 last week.
An admin on Multichain’s China Telegram channel said users should “wait for Zhaojun to come back.” On the other hand, let’s say that there is a listed coin on Binance for Altcoin. Accordingly, such a development in the crypto money world is expected to present a negative situation for the price. However, a different situation has arisen for Multichain. At the time of writing, the price of the cryptocurrency Multichain token has increased by 7%, according to CoinGecko data. Of course, let’s also say that there is a small volatility for the price. As a result, the crypto money project seems unaffected by the news. Let’s see if he will solve the project problems clearly in the following time periods.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.