The cross-chain protocol Multichain (MULTI) team announced that CEO Zhaojun, who has been missing for more than a month, has been arrested by Chinese law enforcement.
The Multichain team is a recent social media in your post, made a detailed statement about the missing CEO. Team, CEO Zhaojun 21 May 2023 by the Chinese police that you were arrested announced. In the statement, Zhaojun’s It was emphasized that his personal computer, phone and hardware wallet were confiscated by the police.
According to the statement, Zhaojun’s sister moved user assets remaining in the router pool to a wallet under his control, but july 13 He was also taken into custody. Currently, access to all crypto assets and servers belonging to the Multichain team is under the control of the Chinese police.
multichain.org Explaining that it does not have the authority to disable it, the team requested the domain provider GoDaddy to close the internet address in question. It was stated that this decision was taken to prevent people from using more Multichain bridges.
What happened?
First glitch in multichain bridges 24 May happened in history. Then, the allegations that fell on social media included that the CEO was arrested in China. After these developments, the team’s first statement was that they could not reach the CEO.
In this statement made by the team shortly after the CEO disappeared, Ultimate control over multichain bridges He stated that he was connected to a key belonging to the CEO and therefore Zhaojun’s It was emphasized that it was not possible to carry out the operations in a healthy way during the period of loss.
Recently, Multichain Phantom (FTM) from the bridge from $130 million There was a lot of outflow of assets. After that 10 July about the day 117 million dollars Rug-pull rumors flared up as more cryptocurrencies moved in value.
According to CoinGecko data, MULTI has been in the last 24 hour period. 0.5% rise by living $2.28 trading levels.