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Multichain has recovered transactions across multiple networks

  • This has been confirmed by Lookonchain analysts
  • Also there was news that the head of the company has reached out

After the failed Multichain project update, customers were unable to transfer their crypto-assets for over a week. Moreover, there was panic in the community, and cryptocurrency exchanges suspended deposits in this network. And it all developed amid rumors of the arrest of the project’s founder.

The Multichain team said late last week that it couldn’t get in touch with its CEO.. Because of this, they are forced to suspend service to 10 networks. Developers have promised to fix the problem, and it looks like they’re already having success.

Lookonchain reports that users can already transfer digital assets between Polygon, Avalanche, zkSync Era and Kava networks. Following these reports, the MULTI project token rose 46%.

There have also been rumors that CEO Zhaojun has already made contact with the team.

Multichain is not currently confirming that their CEO is back in touch.. The last entry on their Twitter feed was on May 31. We’ll keep an eye on this topic.

This morning, the MULTI token is also showing a green chart. And this despite the fact that the key cryptocurrencies are in heavy losses due to the SEC lawsuit against Binance. During the day, the price of the native coin increased by almost 4%.

We remind that the Multichain protocol offers cryptocurrency transfers between different blockchains.