The founder of Multichain's new project Chainge was exposed to fund stagnation, and users were blocked from withdrawing coins

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According to Protos, as reported by ChainCatcher, the cross-chain DeFi project Chainge, launched by Multichain founder DJ Qian, is experiencing issues where some users cannot withdraw funds, a situation that has persisted for months. Numerous complaints are focused on the wKAS cross-chain bridge, with the official team attributing the problem to liquidity shortages caused by individual "malicious users".

Despite the team's previous promises to inject liquidity and restore functionality, the issue remains unresolved, and the wKAS token has noticeably depegged. Chainge's front-end services remain open, drawing market attention to the associated risks.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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