Binance halting deposits and withdrawals for ten Multichain-bridged tokens is only the latest in a saga that began in May. At the time, users were complaining of incomplete transactions. There was speculation that company’s executives had been arrested in China. Eventually, Multichain confirmed its CEO was missing. After more than a month of silence on its Twitter account, Multichain last week announced it had built a protocolto move USDC stablecoins from Ethereum and Avalanche to Arbitrum. It’s been a wild ride, to say the least.
