Conflux Suspended Multichain’s Co-mint Privileges To Secure User Assets

Key Points:

• Conflux has suspended Multichain’s co-mint privilege to ensure the safety of customer assets.
• No losses were detected, and the ecosystem was still functioning normally.
• Previously, Multichain stated that some cross-chain routes are unavailable due to force majeure, and service recovery time is unknown.

As a precaution, Conflux has suspended Multichain’s co-mint privilege in the face of the unavailability of some cross-chain routes to secure customer assets.

Conflux tweeted that as an urgent precaution, Multichain’s co-mint privilege has been suspended to ensure the safety of users’ assets.

Conflux also confirmed that no money loss had been detected so far and that the ecosystem is operating normally. A few hours ago, the network also said that the primary token CFX was successfully listed on MetaPath.

Earlier today, Multichain announced that some cross-chain routes are unavailable due to force majeure, service recovery time is unknown, and affected users will be compensated.

Multichain tweeted that although most of the cross-chain routes of the Multichain protocol are operating normally, due to force majeure, some cross-chain routes are unusable, and service recovery time is unknown. Once service is restored, pending transactions will be automatically credited.

Multichain will compensate users affected in the process, and a compensation plan will be announced later. According to previous reports from many users in the community, there is an unusual delay in the arrival of Multichain interchain funds.

This caused the Multichain MULTI token to drop 24.1% and trade at $5.36. The situation has not improved yet, so the token is still recording a 23% drop in the past 34 hours and is currently trading at $5.04.

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