Think about a system the place all of your cash is managed by one man and his household, and when there’s trigger for concern, the propaganda machine instantly goes “brrr” to placed on a facade that every one is properly, regardless of some alarming withdrawals. Sound extra like a one social gathering state? No, welcome to blockchain, particularly Multichain.
July 14 China’s decentralized cross-chain bridge protocol Multichain has introduced that it’s going to shut down after three years. The rationale? The one individual allegedly in possession of the personal keys of greater than $1.5 billion of person cryptocurrencies saved in Multichain was its founder and CEO Zhao Jun, and later his sister (identify unknown). Each have been arrested by Chinese language police, however it’s nonetheless unclear why.
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