Speculations arise that the Chinese police have arrested Multichain’s development team and may control their hardware/cold wallet containing around $1.5 to $1.6 billion in funds, causing sharp price plunges and fears for projects with high exposure such as Fantom.
Speculation within the Chinese cryptocurrency community suggest that the police arrested the development team for the Multichain network. The Chinese police can potentially likewise control the network’s hardware/cold wallet.
According to the speculative statements, the wallet involves around $1.5 to $1.6 Billion in funds.
The past few sentiments were highlighted on Twitter platform by @btcinchina:
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