Bridging protocol Multichain says it cannot contact the company's CEO. reports
Multichain, one of largest bridging protocols in the crypto ecosystem, said Wednesday it was suspending cross-chain routes and revealed that its CEO Zhaojun could not be contacted.
“In the past two days, the Multichain protocol has experienced multiple issues due to unforeseeable circumstances,” the account tweeted. “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 maintenance.”
Without server access the remaining team revealed it could not keep the bridges online for Kekchain, PublicMint, Dyno Chain, Red Light Chain, Dexit, Ekta, HPB, ONUS, Omax, Findora and Planq. After days of rumors, the disclosure of Multichain’s server access issues served to confirm that at least one key team member has gone AWOL. Zhaojun has not responded to CoinDesk via Telegram since being contacted when problems first arose last week.
Multichain’s native token MULTI was trading around $4.11 at press time, having lost nearly half its value in the past seven days.
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