Tung Ding, vice president of the cross-chain protocol Multichain, announced the resumption of operation of the Router 2 gateway bridge, which caused network problems.
Router 2 is back!
— Mog ∞ (@tungtdinh) June 5, 2023
The head of 0xScope noted that some Multichain gateway services, including Zksync Era, Kava EVM, and Avax C-Chain, are also functioning properly.
Seems Zksync Era/Kava EVM/Avax C-Chain Multichain service is back in action!👏
Zhao Jun unjailed? pic.twitter.com/cL3oD5YELU
— Bobie(.) (@0xBobie) June 5, 2023
Users confirmed the correctness of the protocol in the Telegram channel of the project. However, some complain about the lack of liquidity in the Arbitrum pools.
Also, the community is still asking when stuck transactions will be written to the chain. According to them, they have been waiting for confirmation for more than three days.
It is likely that the protocol team has yet to fix the Router 5 bridge that failed on May 31st.
Rumors regarding the arrest of the Multichain team in China are still not cleared up. Recently, only Tung Din has been in contact with the community. The whereabouts of CEO Zhao Jun is still unknown.
The native MULTI token reacted to the resumption of work with growth. During the day, the coin has risen in price by 18.54% to $4.22. At the moment, the asset tested the $5 level.
Multichain had its first technical problems on May 21st. Users complained about transactions stuck in the blockchain due to an error during the network update.
Amid the disruption, the Binance cryptocurrency exchange has been forced to suspend deposits in POLS, ACH, BIFI, SUPER, AVA, SPELL, ALPACA, FTM, FARM, and DEXE tokens.
Recall that the developers of Multichain promised compensation to users affected by the “force majeure”. On the same day, despite the ongoing uncertainty around the project, MULTI quotes jumped 36%.
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