Four days ago, on May 31, 2023, the cross-chain protocol Multichain announced on Twitter that the team has been unable to locate the firm’s CEO. As a result, controls to several blockchain network routers have been impaired. The project’s native token, MULTI, has experienced a 1% decline in the last 24 hours and a decrease of over 50% in the past two weeks.
Multichain Protocol Struggles as CEO Disappears
This week, the cryptocurrency community has been discussing the Multichain Cross-Chain Router Protocol after the team revealed its founder has gone missing. Multichain’s bridge technology allows users to transfer assets between different blockchain networks. As of the time of writing, the decentralized finance (defi) platform holds $1.45 billion in value.
“In the past two days, the Multichain protocol has experienced multiple issues due to unforeseeable circumstances,” the team disclosed on Wednesday. “The team has done everything possible to maintain the protocol running,
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