Multichain Token Crashes Over 20% Amid Reports of Users’ Funds Being Stuck

Several Multichain users have complained about their funds being stuck in the protocol for as long as 72 hours. Other 6 routers work fine now,” with another one stating that the team was working on the final router and operations will be “back to normal once it is finished.” Multichain’s token MULTI has fallen over 24% in the last 24 hours, from $7.09 to $5.39, according to Coingecko. One address deposited 494,200 MULTI (valued at $2.75 million) to the crypto exchange Gate.io on May 24. Digital asset financial services group Hashkey also transferred $247,000 worth of MULTI to the same crypto exchange today.

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