Why did Zhaojun leave multichain?

1. On May 21, 2023, Multichain CEO Zhaojun was taken away by the Chinese police from his home and has been out of contact with the global Multichain team ever since. The team contacted the MPC node operators and learned that their operational access keys to MPC node servers had…

What is multichain & how does it work?

Multichain is a so-called crypto bridge, which allows users to swap digital tokens across the various blockchains they run on. 1. On May 21, 2023, Multichain CEO Zhaojun was taken away by the Chinese police from his home and has been out of contact with the global Multichain team ever since.

Who is Zhaojun he?

On July 14, developers of the $1.5-billion Chinese cross-chain protocol Multichain confirmed users’ worst fears. The protocol’s CEO, identified only as “Zhaojun He,” was arrested by Chinese authorities in Kunming on May 21 after months of repeated denials on official communication channels.

Why did multichain lose a $120 million hack?

Computing and malware concept. Hacker using computer with digital business interface. Double exposure Its software malfunctioning and CEO missing, moribund blockchain bridge Multichain suffered the additional indignity of a $120 million hack and announced that it would not resume operations.