In a volatile twist, the cryptocurrency market experienced a 0.82% decrease in value within the last day, descending to $ 1.2 trillion. This transpired as bitcoin (BTC) faced unstable conditions, dropping below the crucial $ 30K mark on Tuesday. Crypto Market in Flux Throughout this chaotic 24-hour period, leveraged digital asset traders observed …
The Fall of Multichain: A Tale of Unexpected Turbulence and Security Breaches
In an unforeseen chain of events that unfolded between May and July 2023, the CEO of Multichain, Zhaojun, was apprehended by Chinese authorities, destabilizing the blockchain project. The situation escalated when user assets began to be transferred to unknown addresses. From Seizure to Shutdown: The Multichain Saga According to the Multichain team’s testimony, the first […]