Claims about the Altcoin named Multichain (MULTI) listed on Binance caused the price to drop sharply.
Among these allegations, the Multichain team was arrested by the Chinese police and the $ 1.5 billion fund was confiscated.
Apart from these, the allegations include that some members of the Multichain team transferred 494,200 MULTIs from the team address today.
It's rumored that the multichain team has been arrested by the Chinese police, with 1.5 billion dollars of contract funds under control, and some team members transferred 494200 multi tokens from the team address to gate today. Please be aware of the risks.$multi #MultiChain pic.twitter.com/KpB9ehl5ls
— 0xfleet (@0xfleet) May 24, 2023
After these claims, there was a great decrease in the price of MULTI.
*Not investment advice.
