Multichain, the cross-chain protocol, confirmed Wednesday that the team is unable to contact its chief executive amid ongoing technology problems.
“In the past two days, the Multichain protocol has experienced multiple issues due to unforeseeable circumstances,” the team wrote in a message on its official Twitter account. “The team has done everything possible to maintain the protocol running, but we are currently unable to contact CEO Zhaojun and obtain the necessary server access for maintenance.”
As The Block has previously reported, the protocol has been plagued by technology issues and dogged by rumors around the whereabouts of its team — namely, that they had been arrested in China.
As The Block’s Tim Copeland wrote this week, an admin in Multichain’s Chinese Telegram channel had said that users needed to “wait for Zhaojun to come back.”
At press time, the price of Multichain’s token — which has gyrated in recent days — appeared unaffected by the news, and is up about 7% in the past twenty-four hours, according to CoinGecko.
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Source: https://www.theblock.co/post/232754/multichain-team-says-it-cant-contact-ceo-amid-protocol-problems?utm_source=rss&utm_medium=rss