Think about a system the place all of your cash is managed by one man and his household and when there’s trigger for concern, the propaganda machine instantly goes “brrr” to make it appear like all is effectively regardless of some alarming withdrawals. Sounds extra like a one-party state? No, welcome to blockchain, particularly Multichain.
On July 14, Chinese language decentralized cross-chain bridge protocol Multichain introduced that it might stop operations after three years. The explanation? The one one that allegedly held the personal keys to over $1.5 billion in person cryptos saved on Multichain was its co-founder and CEO Zhao Jun and later, his sister (identify unknown). Each had been arrested by Chinese language police, however it’s nonetheless unclear why.
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