According to reports, the funds of the users are fixed. MultiChain token crashes by over 20 %
According to reports, the funds of the users are fixed. MultiChain token crashes by over 20 %
reports reported to users of the cross-chain router protocol MultiColls after an upgrade.
There were also rumors about the arrest of the multiChain team, which still have to be confirmed.
Multi sinks by 24 %
in 24 hoursSeveral multiChain users have complained that their funds get stuck in the protocol for up to 72 hours. Part of the problem seems to be due to a backend upgrade that, according to the team, takes longer than usual.
according to a operating update of May 23, MultiChain said:
The upgrade of the back-end node takes longer than expected. Most routes work as usual as some routes (Kava, ZKSync, Polygon Zkevm) are temporarily exposed to for the time being. All affected transactions will arrive as soon as the upgrade is completed.
meanwhile ongoing discussions on the MultiChain Telegram Canal on May 24 that all routers were subjected to an upgrade. One of the administrators in the group said: "Only one router is in the upgrade progress." Other six routers now work perfectly ", and another indicated that the team worked on the last router and that the operation" will be normal again as soon as it is finished ".
According to Coingecko, the multicelet token Multi has fallen from over 24 % from $ 7.09 to $ 5.39 in the last 24 hours. The crash of the token value could be due to panic sales on the part of the owner.
MultiChain team supposedly arrested in China
Lookonchain also reported that this was probably the case with some investors Sales Your MultiChain-token
an address paid to the Gate.io crypto exchange on May 24th 494,200 (worth $ 2.75 million). The financial services group for digital assets Hashkey has also transferred multi worth $ 247,000 to the same crypto exchange.
meanwhile an address with the EnS name HWG.ETH sold over 36,000 multi-tokens on May 23 to receive $ 200,000. The Fantom Foundation Recently removed about 450,000 multi-tokens (worth $ 2.4 million) from liquidity on sushiswap.
In addition to reports on delayed transactions and the slump in token prices, there were also rumors that the Chinese authorities had arrested the multicia project team and had over $ 1 billion in terms of "under control".
However, MultiChain has neither confirmed or refuted the ongoing rumors, but we will give an update because it is a developing story.
.
Kommentare (0)