The latest statement from the Multichain Protocol confirmed that Zhaojun’s arrest report is almost real. 

In the last two weeks, several media reports surfaced in the crypto sector and claimed that Multichain CEO Zhao Jun was arrested in China. That negative news acted as a catalyst to create fear among the big participants of the Multichain Protocol. 

Recently the Multichain team officially responded against the surging issues associated with cross-chain transactions and confirmed that they are failing to contact the Multichain CEO.

Zhaojun holds several key accesses of the Multichain Protocol e.g. server login, and other necessary service maintenance access. So the technical team is failing to fix the occurring problems at the core level. 

“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,” the Multichain team said.

For now, the Multichain team decided to suspend the affected cross chain service routes and also urged people not to call Multichain’s protocol as an affected chain. 

For now, the cross-chain transactions between Kekchain, PublicMint, Dyno Chain, Red Light Chain, Dexit, Ekta, HPB, ONUS, Omax, Findora, and Planq networks have been suspended.