Crypto NewsAltcoinMultichain CEO's Cryptocurrency Wallet Sees Massive Fund Outflow

Multichain CEO’s Cryptocurrency Wallet Sees Massive Fund Outflow

The cryptocurrency wallet of the CEO of Multichain, which was recently reported to have been detained by the Chinese police, has been activated.

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According to a tweet by Chinese crypto journalist Wu Blockchain, Zhao Jun, the founder of a decentralized exchange platform Multichain, has moved more than $100 million worth of crypto assets to a new address.

According to Wu Blockchain, the EOA address controlled by Zhao Jun has again made a fund transfer today.

Initially, a transaction fee of 299.3 FTM was withdrawn from Huobi, and then 64 million USDT, 13,000 WETH and 11.9 million DAI and 52 BTC were transferred to the new 0x632085aa7924df37f64950c58b9fe5d9fdba80ef.

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The amount of Ethereum in question corresponds to approximately $ 24 million, and the transferred BTC is worth $ 1.5 million.

On July 14, 2023, Multichain published a report stating that Zhao Jun's sister transferred the remaining user assets in the pool on July 9, 2023, after discovering the abnormal situation.

The last fund transfer is thought to have been carried out by Zhao Jun's sister, who has access to his crypto accounts.

*Not investment advice.



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