{"id":139831,"date":"2023-05-25T06:41:42","date_gmt":"2023-05-25T06:41:42","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=139831"},"modified":"2023-05-26T13:09:14","modified_gmt":"2023-05-26T13:09:14","slug":"new-collapse-in-the-crypto-ecosystem-multichain-plummets-on-rumors-of-teams-arrest","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/new-collapse-in-the-crypto-ecosystem-multichain-plummets-on-rumors-of-teams-arrest\/","title":{"rendered":"New Collapse in the Crypto Ecosystem Multichain Plummets on Rumors of Team’s Arrest"},"content":{"rendered":"
The completion of the Multichain Blockchain <\/a>backend upgrade has experienced a delay, causing several user transitions to stuck.<\/strong> At the same time, it is speculated that the team behind Multilink has also been arrested in China<\/strong>, but that remains unconfirmed. As of now. a high number of users have reported their funds to be stuck on Multichain for as long as 72 hours. However, Multichain initially clarified that the upgrade<\/a><\/strong> of the backend node is taking longer than expected.<\/span><\/p>\n Similarly, the firm mentioned how most of its routes are working as usual, whereas some routes like Kava, zkSync, and Polygon zkEVM have been temporarily suspended<\/strong>. However, all the affected transactions will arrive as soon as the upgrade is complete. As a result of the mishap, Lookonchain, a blockchain analytics firm, reported at least $3 million worth of MULTI outflows linked to smart money accounts.<\/span><\/p>\n While most of the cross-chain routes of Multichain protocol are functioning well, some of the cross-chain routes are unavailable due to\u00a0force majeure, and the time for service to resume is unknown. After service is restored, pending transactions will be credited automatically.\u2026<\/p>\n — Multichain (Previously Anyswap) (@MultichainOrg) May 24, 2023<\/a><\/p><\/blockquote>\n\n