0xScope: Affected by the Multichain declaration, the decoupling of transaction prices on the Fantom chain has intensified

ChainCatcher news, according to monitoring by 0xScope, since Multichain issued a statement, the decoupling of crypto assets on the Fantom chain has intensified. Currently, Fantom is turning to Layerzero as an alternative bridging solution.

As of now, the trading prices on Fantom (based on Layerzero $USDC):
BTC: $4,167;
ETH: $402;
USDC: $0.24;
USDT: $0.16.

Previous report, the Multichain team stated that Multichain CEO Zhao Jun was taken away by the police from his home on May 12 this year and has since lost contact with the Multichain team. After contacting the MPC node operators, the team learned that the project party's operational access keys for the MPC node servers had been revoked. These MPC node servers are actually running under Zhao Jun's personal cloud server account, and no member of the team has access to Zhao Jun's personal cloud server account, so no one can log into these MPC servers, forcing the team to cease operations. (Source link)