Multichain update: Project founder and sister in custody
On May 21st, the founder of the project, Zhaojun, was arrested, and the Chinese police confiscated his devices. During this period, Zhaojun’s family and the project’s lawyer were in communication with the police.
On this page
While the team was not provided with specific details regarding the case, they were notified that Zhaojun would be released soon. As a result, the team was asked to continue maintaining the system and await further updates.
On July 7th, users funds were stolen, and the CEO's sister attempted to preserve some of the funds, but on July 13th, she was also taken into custody. Her current whereabouts are unknown, and the status of the assets she had preserved is uncertain. This has left the team in a difficult position.
The team has no access to the Multichain domain account. Due to the lack of alternative sources of information and corresponding operational funds, Multichain project is forced to cease operations and urges users not to utilize its services.
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
