Crypto Bridging Protocol Multichain ‘Unable to Contact’ CEO Zhaojun
Multichain's team says it cannot maintain some cross-chain bridges without getting access permissions from its AWOL chief.
May 31, 2023 at 5:54 p.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/UB4Z66OVIZFX7FJRLYAY5MB2GA.jpg)
Multichain can't get ahold of its bridges (Aleksandr Barsukov/Unsplash)
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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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Sage D. Young was a tech protocol reporter at CoinDesk. He owns a few NFTs, gold and silver, as well as BTC, ETH, LINK, AAVE, ARB, PEOPLE, DOGE, OS, and HTR.
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