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In a significant cryptocurrency crackdown on illicit financial activities, the Public Security Bureau of Panshi City, Jilin Province, revealed the dismantling of an underground banking operation exploiting cryptocurrency. This operation, with a staggering sum of approximately 2.14 billion yuan involved, underscores the growing challenges posed by the illicit use of virtual currencies. The modus operandi […]
Chinese police are investigating STFIL technical team members, who relocated 2.5 million FIL tokens to an unknown address during an unscheduled protocol update, seeking community assistance to protect stakeholders' interests. (Read More)
Multichain protocol says its forced to cease operations due to recent events. CEO Zhaojun and his sister have reportedly been detained leaving the team with no operational funds. Multichain saw $125 million stolen on July 6, with blockchain security firm Chainalysis pointing to possible rug pull by insiders. Multichain, one of the world’s largest cross-chain […]
The post Cross-chain bridge protocol Multichain ceases operations appeared first on CoinJournal.
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