#multichain Crypto Project Multichain Shuts Down, Says CEO Arrested in China

The Multichain (MULTI) bridge protocol announced today that it has shuttered operations due to a lack of operational funds and information about its CEO Zhaojun, who is in the custody of Chinese police. 

Problems afflicting Multichain’s cross-chain bridge began back in late spring after users flooded Multichain’s Telegram complaining that certain pending transfers were stuck.

At the time, there were rumors that Chinese authorities had arrested several Multichain executives, including CEO Zhaojun. The protocol later confirmed on Twitter that the CEO was missing and that he had sole access to the blighted servers responsible for the delays. #Binanceturns6 #GOATMoments