14-07-2023 13:01 via coinjournal.net

Cross-chain bridge protocol Multichain ceases operations

Multichain protocol says its forced to cease operations due to recent events.
CEO Zhaojun and his sister have reportedly been detained leaving the team with no operational funds.
Multichain saw $125 million stolen on July 6, with blockchain security firm Chainalysis pointing to possible rug pull by insiders.Multichain, one of the world’s largest cross-chain bridge protocols, has announced its ceasing operations. The news comes just days after the protocol saw an attacker (looked like an i
Read more »