• Chinese authorities have arrested Multichain CEO and his sister.
• Multichain lost access keys to MPC node servers following the arrest.
• The Multichain team decide to cease operations given the lack of funds.

Multichain, the recently hacked cross-chain router protocol, took to Twitter to reveal that its CEO, Zhao Jun, and his sister, have been apprehended by Chinese authorities for unknown crimes.

Multichain noted that Jun has been unreachable since his disappearance on May 21, 2023, causing significant disruption within the internal team. Troubling development surfaced when the team discovered its access keys to the MPC node servers had been revoked. The servers operated under Jun’s personal cloud server account, preventing all team members from accessing the crucial MPC servers.

It was revealed that the authorit…

The post Hacked Multichain Closes Over Lack of Fund as CEO Remains with Police appeared first on Coin Edition.

• Chinese authorities have arrested Multichain CEO and his sister.
• Multichain lost access keys to MPC node servers following the arrest.
• The Multichain team decide to cease operations given the lack of funds.

Multichain, the recently hacked cross-chain router protocol, took to Twitter to reveal that its CEO, Zhao Jun, and his sister, have been apprehended by Chinese authorities for unknown crimes.

Multichain noted that Jun has been unreachable since his disappearance on May 21, 2023, causing significant disruption within the internal team. Troubling development surfaced when the team discovered its access keys to the MPC node servers had been revoked. The servers operated under Jun’s personal cloud server account, preventing all team members from accessing the crucial MPC servers.

It was revealed that the authorit…

The post Hacked Multichain Closes Over Lack of Fund as CEO Remains with Police appeared first on Coin Edition.