Multichain shut down in July 2024 due to a lack of operational funds, and after its CEO, known as Zhaojun, was detained by Chinese police.
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Sonic Labs wins judgment for Multichain Foundation to wind up
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Multichain, a cross-chain bridge protocol , shut down in July 2024 after its CEO, known as Zhaojun, was detained by Chinese authorities and the protocol ran out of operational funds following $210mln exploit in July 2023
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