2023-07-15
1. On May 21, 2023, Multichain CEO Zhaojun was taken away by the Chinese police from his home and has been out of contact with the global Multichain team ever since. The team contacted the MPC node operators and learned that their operational access keys to MPC node servers had...
The Block
Crypto bridging protocol Multichain ceases operations after confirming Chinese police detained its CEO, Zhaojun, and his sister, who held ~$220M of user assets
Tim Copeland / The Block :
2023-07-14
1. On May 21, 2023, Multichain CEO Zhaojun was taken away by the Chinese police from his home and has been out of contact with the global Multichain team ever since. The team contacted the MPC node operators and learned that their operational access keys to MPC node servers had...
The Block
Multichain ceases operations after the crypto bridging protocol's CEO Zhaojun and his sister, who held ~$220M of user assets, were detained by Chinese police
- Multichain confirmed its CEO has been detained in China. — It said the CEO's sister moved $220 million of funds …
2023-07-08
The Multichain service stopped currently, and all bridge transactions will be stuck on the source chains. There is no confirmed resume time. Please don't use the Multichain bridging service now. https://twitter.com/...
CoinDesk
Crypto bridging protocol Multichain confirms an exploit impacted $130M in user-supplied tokens and recommends “all users suspend the use of Multichain services”
Shaurya Malwa / CoinDesk :
The lockup assets on the Multichain MPC address have been moved to an unknown address abnormally. The team is not sure what happened and is currently investigating. It is recommended that all users suspend the use of Multichain services and revoke all contract approvals... https://twitter.com/...
CoinDesk
Crypto bridging protocol Multichain confirms an exploit impacted $130M in user-supplied tokens and recommends “all users suspend the use of Multichain services”
Shaurya Malwa / CoinDesk :
2023-07-07
The lockup assets on the Multichain MPC address have been moved to an unknown address abnormally. The team is not sure what happened and is currently investigating. It is recommended that all users suspend the use of Multichain services and revoke all contract approvals... https://twitter.com/...
CoinDesk
Crypto bridging protocol Multichain confirms a $130M exploit affecting user-supplied tokens and recommends “all users suspend the use of Multichain services”
“It is recommended that all users suspend the use of Multichain services and revoke all contract approvals related to Multichain," developers said early Friday.
2023-06-01
In the past two days, the Multichain protocol has experienced multiple issues due to unforeseeable circumstances. The team has done everything possible to maintain the protocol running, but we are currently unable to contact CEO Zhaojun and obtain the necessary server access for... https://twitter.com/...
The Block
Crypto bridging protocol Multichain suspended service for multiple chains after being unable to contact its CEO to get server access, during ongoing tech issues
- Multichain, the cross-chain protocol, confirmed Wednesday that the team is unable to contact its chief executive amid ongoing technology problems.