Rumor: Zhao Jun, CEO and co-founder of Multichain, is missing
Key Points:
- Zhao Jun, CEO and co-founder of Multichain, is currently unavailable, according to multiple sources.
- The deficiency of correspondence happened after the cross-chain administration became inaccessible with some cross-chain courses and couldn’t be helped.
- On December 21, 2021, it was officially announced that Multichain had raised $60 million in a seed round led by Binance Labs.
According to multiple sources, Multichain co-founder and CEO Zhao Jun is currently unreachable.
Some cross-chain routes are unusable due to force majeure, and the service recovery time is unknown, Multichain stated earlier. Users who were impacted by the process will be compensated by Multichain; a compensation plan will be announced in the future.
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Multichain, formerly known as Anyswap, started out as a cross-chain DEX. Anyswap eliminated the DEX feature at the beginning of 2021 to concentrate on cross-chain bridge services. To give clients better cross-chain administrations and for better distinguishing proof, Anyswap has chosen to change its name to Multichain.
Not long after rebranding last week, Multichain brought $60 million up in a seed round drove by Binance Labs, formally reported on Dec.
This cross-chain specialist organization, when it finished a significant monetary repayment, had a disagreement regarding a value debate. Prime supporter and Chief Zhao Jun claims that he possesses 100 percent of the value of the asset, however the Combination Establishment asserts that Qian Dejun possesses 40% of the value. Quantum Chain, VeChain, and FUSION are just a few of the projects in which Qian Dejun has been involved.
92 major public blockchains, including Ethereum, Fantom, Binance Smart Chain, Avalanche, Moonriver, Arbitrum, and Polygon, are currently supported by Multichain’s connectivity infrastructure.