Multichain lost contact with the head of the project

Multichain cross-chain protocol command reported on Twitter that he can’t reach his CEO Zhao Jun amid ongoing technical problems.

According to them, in order to fully restore work, specialists need to service the server, but the CEO has access to it.

“[Со своей стороны] the team has done everything possible to keep the protocol working,” they added.

On May 31, Multichain encountered an issue with Router5 scan nodes that affected the normal internet service of some chains. However, her solution is beyond the current capabilities of the team.

“In order to protect the interests of our users, we have decided to suspend the relevant internet service for the affected network in the user interface. Last week, the same problem arose on Router2, ”said the representatives of the project.

Users have been asked to stop directly invoking smart contracts of the Multichain protocol to conduct transactions on the affected networks.

The announcement comes amid rumors of the arrest of the Multichain team in China.

In recent days, the company’s vice president of strategic cooperation under the pseudonym Mor has been contacting the community. As The Block previously reported, Zhao Jun’s whereabouts are still unknown.

At the time of writing, according to CoinGecko, the price of the MULTI token has dropped by 4% to $4.05.

Recall that the first technical problems with the cross-chain protocol arose on May 21. Users complained about transactions stuck in the blockchain due to an error during the network upgrade.

The project team attributed this to technical work on cross-chain router nodes.

Due to problems, the Binance cryptocurrency exchange has been forced to suspend deposits in POLS, ACH, BIFI, SUPER, AVA, SPELL, ALPACA, FTM, FARM, and DEXE tokens.

Multichain developers have promised compensation to users affected by the “force majeure”. On the same day, despite the ongoing uncertainty around the project, the quotes of the MULTI token jumped by 36%.

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