CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
Ethereum World News 2023-07-14 10:39:13

Multichain To Shut Down Protocol, Team Say CEO’s Sister Was Arrested After Moving $220 Million In User Funds

The CEO’s sister was arrested in China days after she moved $220 million in user funds to wallets under her control. Multichain’s team also confirmed the news that CEO Zhaojun was arrested by China police in May. The project will shut down operations ASAP due to limited operational funds and a lack of information from Zhaojun’s family. Friday’s announcement comes after technical issues, a force Majeure, and investor exits from the cross-chain bridge protocol. Multichain team’s said the cross-chain protocol

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.