Police Detain Multichain Founder in Shanghai for Investigation

According to an unconfirmed source in Wu Blockchain, the founder of Multichain has been detained by Chinese police in Shanghai.

On May 24, users noticed an unusual delay in receiving cross-chain funds on the Multichain. Later, the cross-chain announced that, despite most of the cross-chain routes of the transaction.

All modes are working, but due to force majeure, some cross-linking routes have gone offline, and service recovery time is unknown. The next day, rumors surfaced in the Chinese cryptocurrency community that the police had arrested the Multichain network development team.

Despite the rumors, the co-founder of the project stated in a Telegram community that the team was in excellent health. Alfred Xu, a co-founder, also noted that routine business operations would resume, and the affected route will be restored automatically.

BoringSleuth, a blockchain investigator, analyzed the implications of the allegations regarding the arrest of Multichain team members. he stated that If the arrest were legitimate, then one of the most significant criminal organizations in the crypto space would have been apprehended, Team members are linked to greater than ten enumerator-based carpet draws.

If this is true, then, one of the largest criminal orgs in Crypto has been arrested and this would be a massive win for cleaning up the space, especially DEX rugs. I have this team behind 10+ rugs. https://t.co/lFShGv6CiO

— TruthLabs 💄 (@BoringSleuth) May 24, 2023

As the tweet that sparked today's rumor has since been purged, the incident remains a matter of conjecture without verifiable evidence; therefore, follow us for the most recent updates.