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Four days ago, on May 31, 2023, the cross-chain protocol Multichain announced on Twitter that the team has been unable to locate the firm’s CEO. As a result, controls to several blockchain network routers have been impaired. The project’s native token, MULTI, has experienced a 1% decline in the last 24 hours and a decrease of over 50% in the past two weeks.
Multichain Protocol Struggles as CEO Disappears
This week, the cryptocurrency community has been discussing the Multichain Cross-Chain Router Protocol after the team revealed its founder has gone missing. Multichain’s bridge technology allows users to transfer assets between different blockchain networks. As of the time of writing, the decentralized finance (defi) platform holds $1.45 billion in value.
“In the past two days, the Multichain protocol has experienced multiple issues due to unforeseeable circumstances,” the team disclosed on Wednesday. “The team has done everything possible to maintain the protocol running, but we are currently unable to contact CEO Zhaojun and obtain the necessary server access for maintenance.”
Multichain has revealed that its router technology experienced issues, leading to disruptions in the regular cross-chain service of select chains. According to the tweet from Multichain, the absence of Zhaojun has resulted in a lack of specific controls, making it challenging to address the problem adequately. The team further specified that Kekchain, Publicmint, Dyno Chain, Red Light Chain, Dexit, Ekta, HPB, ONUS, Omax, Findora, and Planq were among the affected chains.
There have been rumors that founding Multichain team members may have been arrested in China. Moreover, people have been discussing how the issue may be a problem for a large fraction of value locked in Multichain from much larger blockchain protocols like the Binance Smart Chain (BSC), Ethereum, and Polygon. The blockchain Fantom holds the largest exposure to Multichain, followed by BSC, Optimism, and Kava.

The Fantom Foundation has emphasized that the absence of Multichain’s CEOs has “no impact on Fantom’s assets and bridging.” Despite Multichain’s initial tweet, there have been no subsequent updates regarding Zhaojun’s whereabouts. Following this incident, MULTI, the project’s native token, has witnessed a significant drop in value and experienced a decrease of over 50% over the course of the past two weeks.
Will Multichain’s cross-chain protocol recover from the CEO’s mysterious disappearance? Share your thoughts and opinions about this subject in the comments section below.


Four days ago, on May 31, 2023, the cross-chain protocol Multichain announced on Twitter that the team has been unable to locate the firm&#8217;s CEO. As a result, controls to several blockchain network routers have been impaired. The project&#8217;s native token, MULTI, has experienced a 1% decl...

news.bitcoin.com

Mysterious Disappearance of Multichain CEO Sends Shockwaves Through Crypto Community

Quant (QNT), an Ethereum-based token, has experienced a 15.15% increase in its price over the past seven days. QNT plays a vital role in Quant Network’s Overledger, a suite of enterprise software solutions designed to connect public blockchains and private networks seamlessly. By enabling the creation of multi-chain decentralized applications (mDapps), Quant Network empowers developers to build and operate applications that span across multiple blockchains simultaneously.
With its focus on interoperability, Quant Network’s Overledger solution provides a framework for bridging different blockchain networks, fostering connectivity and facilitating efficient data exchange between disparate systems. The use of QNT within the Overledger ecosystem not only powers these interoperability capabilities but also plays a crucial role in securing and incentivizing participants within the network.

As the price of Quant (QNT) continues its upward trajectory, the growing interest in the token reflects the recognition of its importance in enabling the seamless operation of mDapps and facilitating cross-chain communication. With Quant Network’s innovative approach to interoperability, the future holds promising possibilities for enhanced collaboration and integration across various blockchain platforms.
Related Reading: Injective Protocol (INJ) Tallies 23% Price Surge In Past 7 Days – Here’s Why
Why’s There A Strong Bullish Sentiment For QNT? 
The recent price surge of Quant (QNT) can be attributed to the transformative power of distributed ledger technology (DLT) and the unique features offered by the Quant platform. DLT, surpassing the limitations of traditional blockchain, provides solutions to unanswered questions, enabling secure and cost-effective asset exchange while driving value, opening new markets, and increasing efficiency for enterprises, governments, and individuals worldwide.

Founded in 2015 by Gilbert Verdian, Quant emerged as a pioneer in harnessing the potential of DLT to empower and expedite people’s lives. As the genesis of Quant, DLT addresses scalability issues by ensuring faster and more affordable transactions, offering a promising alternative to traditional blockchain networks.
The unique utility of Quant (QNT) makes it a very interesting project. And, since utility is one of the major factors that affect the growth of a crypto project, it’s no surprise that investors are turning toward QNT.
What’s Next For Quant?
Quant has caught the attention of investors with its impressive market capitalization of $1,408,329,718 and a notable trading volume of $25,330,831. While it may have been considered the slowest in terms of price movement, Quant has consistently demonstrated growth in the cryptocurrency market. 
Related Reading: Floki Inu Gains Momentum As Chinese E-Commerce Giant Recognizes Its Utility
The optimistic founders of Quant believe that as a leader in the industry, the mass adoption of Quant holds great promise for its supporters. Currently priced at $116, there is anticipation for Quant’s value to soar even higher in response to the increasing demand projected in the future. Based on bullish scenarios and analysis of historical data, the price of Quant is expected to experience a significant rise.
-Featured image from iStock.com, charts from TradingView


Quant (QNT), an Ethereum-based token, has experienced a 15.15% increase in its price over the past seven days. QNT plays a vital role in Quant Network&#8217;s Overledger, a suite of enterprise software solutions designed to connect public blockchains and private networks seamlessly. By enabling t...

newsbtc.com

Quant Hype Spikes As Price Surges 15% – Is This A Top Signal?

The Twitter account of Bitcoin critic Peter Schiff was found advertising a gold-branded token as a result of an apparent hacking. His son, crypto enthusiast Spencer Schiff, warned users in a tweet not to follow the link posted by the unknown attackers trying to lure victims using his father’s name.
‘Dad Almost Certainly Hacked,’ Son Tweets After Peter Schiff Launches $GOLD Token on Twitter
Hackers obviously took control of economist Peter Schiff’s Twitter account to promote the supposed launch of a “groundbreaking cryptocurrency token” called $GOLD. A series of tweets posted in the space of a few hours suggested that the digital asset represents tokenized gold and is “a complete and utter gamechanger for gold-backed DeFi” that will “empower the #Web3 community.”
“Claim your $GOLD,” as it is “extremely close to selling out,” the perpetrators of the apparent scam urged followers of Schiff, who is a well-known gold proponent but also a vocal critic of cryptocurrencies like bitcoin (BTC). The posts, which led to the gold.fo domain as seen on the screenshot below, were later deleted.

“Do not click this link,” Schiff’s son Spencer tweeted after seeing the suspicious activity of his father’s account. He also informed the public that Peter is in the U.K. and is not responding to his messages in the early hours on Saturday, local time, concluding that his account was “certainly hacked.”

DO NOT CLICK THIS LINK. My dad is in London and it’s 4 AM over there which means he was almost certainly hacked. He’s not responding to any of my texts. https://t.co/sHvQccCtLp
— Spencer Schiff (@SpencerKSchiff) June 3, 2023
“It is truly amazing to see how empowering the crypto community is on twitter … We are building crypto step-by-step,” the scammers controlling @PeterSchiff wrote in one of the tweets — words that Schiff would hardly type himself.

Peter Schiff has been a long-time crypto skeptic, regarding Bitcoin in particular which he has described as a tulip mania bubble and a Ponzi scheme, an asset with no intrinsic value. At the same time, the American stock broker has been an ardent advocate of gold.
Nevertheless, the financial commentator announced last week his participation in an art sale featuring non-fungible tokens (NFTs) minted on the Bitcoin blockchain. The surprising move sparked speculations that he might have changed his mind about crypto.
However, Schiff took to Twitter to point out that the collection, to be auctioned in June, is a “tribute to gold” and that he is “still not a member of that club.” Unlike his father, Spencer Schiff is a supporter of cryptocurrencies who describes himself as a Bitcoiner.
What are your thoughts on the hacking attack on Peter Schiff’s Twitter account? Share them in the comments section below. 



The Twitter account of Bitcoin critic Peter Schiff was found advertising a gold-branded token as a result of an apparent hacking. His son, crypto enthusiast Spencer Schiff, warned users in a tweet not to follow the link posted by the unknown attackers trying to lure victims using his father&#x201...

Peter Schiff Twitter Apparently Hacked, Shills Gold Crypto, Son Spencer Warns

Arbitrum (ARB), a prominent governance token in the decentralized finance (DeFi) ecosystem, recently witnessed a decent surge in price following renewed buying activity from a well-known DeFi whale address. 
Large-scale investors often influence market sentiment and can significantly impact the price of a given asset. However, as the rally unfolds, questions arise about the sustainability of this upward momentum and its implications for the future of Arbitrum.

Whale’s Unusual Buying Activity Coincides With ARB’s Rally
Arbitrum’s (ARB) current price of $1.24 on CoinMarketCap highlights its remarkable performance, with a noteworthy 3.4% rally witnessed within the past 24 hours, followed by an impressive seven-day climb of 7%. Interestingly, this surge in value coincided with unusual buying activity associated with renowned trader Andrew Kang’s crypto addresses.


Particularly noteworthy is the fact that Andrew Kang, co-founder of Mechanism Capital, has been making some interesting movements within the Arbitrum ecosystem.
Kang put $1 million worth of stablecoins into Arbitrum pools and allocated nearly a quarter of the funds to the purchase of RDNT tokens. RDNT is the native token of the DeFi lending platform Radiant Capital.



After filling his bags with RDNT, Kang subsequently exchanged his newly acquired tokens and existing RDNT reserves for $867,000 worth of ARB. 
These transactions were further followed by Kang depositing the proceeds into Radiant Capital, where he borrowed Circle’s USD Coin. These details have been revealed through data obtained from Lookonchain, a reliable data resource.

Seems like Andrew Kang is using leverage to go long $ARB on @RDNTCapital.
Buy $ARB → Deposit $ARB → Borrow $USDC → Buy $ARBhttps://t.co/PQwi0Zj9TT pic.twitter.com/afXjeRtTpv
— Lookonchain (@lookonchain) June 2, 2023
Multiple Whales Seize Opportunity As ARB Price Improves
In addition to Kang’s intriguing buying activity, another significant player, known by the address “0xf59b,” has also recognized the potential in ARB’s upward trajectory. This whale made a strategic move by depositing 1.2 million ARB tokens, equivalent to $1.5 million, into the popular cryptocurrency exchange OKX.

Whale”0xf59b” finally waited for the rise of $ARB and deposited 1.2M $ARB ($1.5M) into #OKX 30 minutes ago.
He withdrew 1.2M $ARB from #OKX on May 8th, and the buying price may be around $1.2.https://t.co/cJReZfg007 pic.twitter.com/jFwBRtPUpK
— Lookonchain (@lookonchain) June 2, 2023
This whale’s decision to pull the tokens out from OKX on May 8 and potentially purchase them at around the $1.2 mark suggests a deliberate strategy of waiting for a price increase before taking advantage of their holdings. By carefully timing their actions, this entity sought to maximize their potential gains as ARB’s value climbed.
These recent large-scale investments signify a growing optimism surrounding Arbitrum’s Layer 2 solution, despite the challenges it has faced in the market recently. The renewed interest from both Kang and the whale behind the address “0xf59b” reflects a belief in the long-term viability and potential profitability of ARB.
Furthermore, these strategic moves by multiple whales indicate a broader sentiment within the crypto market. As the Ethereum network gradually recovers from the recent drop, there is a growing expectation of increased activity on Layer 2 networks. This anticipation sets the stage for a potentially bullish cycle for these networks, including Arbitrum.
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk)
-Featured image from The Conversation


Arbitrum (ARB), a prominent governance token in the decentralized finance (DeFi) ecosystem, recently witnessed a decent surge in price following renewed buying activity from a well-known DeFi whale address.  Large-scale investors often influence market sentiment and can significantly impact the p...

Whale’s ARB Accumulation Rekindles Momentum For DeFi Token – Here’s Why

Injective Protocol, a prominent blockchain platform catering to decentralized applications (dApps), has recently gained significant attention due to the notable surge in the price of its native token, injective (INJ). Over the past week, the INJ token has experienced a remarkable growth rate of 23%. 
This surge reflects the growing market interest in the platform and underscores the utility and governance features associated with the INJ token. Serving as a dual-purpose instrument, the INJ token empowers users by offering them utility within the platform while granting them a say in shaping its future through governance mechanisms. 
What’s The Cause Of The Spike?
At the time of writing, the price of INJ stands at $7.83, experiencing a minor 0.9% decline within the day. However, over the course of the week, INJ has demonstrated a commendable increase of 23%. This surge in price is coupled with a circulating supply of $100 million, contributing to the platform’s liquidity and overall market dynamics. The positive market sentiment and a high Total Value Locked (TVL) have been identified as key factors driving the recent price boom for Injective (INJ).
Related Reading: Celsius Sets New Standard: $1 Billion In ETH Staked As Deposits Show No Sign Of Slowing
Exciting developments lie ahead for Injective as it reveals its plans to revamp its proof-of-stake (PoS) delegation mechanism through the Avalon upgrade. This upgrade will introduce an advanced system, incorporating sub-second block times and layer-1 scalability optimizations. By leveraging the Avalon upgrade, Injective (INJ) aims to enhance transaction speed and efficiency, promising a more seamless user experience on the platform.

The impressive growth of Injective (INJ) and its commitment to innovation through the Avalon upgrade position the project as a notable player in the blockchain industry. With a positive market outlook and advancements on the horizon, Injective (INJ) continues to captivate investors and enthusiasts alike.
What’s Next For Injective (INJ)?
Injective (INJ) is gearing up to revolutionize its decentralized exchange (DEX) by introducing the Avalon upgrade, which promises to deliver improved performance, scalability, and an enhanced user experience. This upgrade is expected to positively impact the price of Injective (INJ), according to analysts who suggest a potential bullish sentiment for the token.
With the Avalon upgrade, Injective (INJ) aims to elevate its DEX to new heights, offering faster and more efficient transactions. Implementing sub-second block times and layer-1 scalability optimizations is poised to attract more users to the platform and drive increased demand for the token.
Related Reading: Floki Inu Gains Momentum As Chinese E-Commerce Giant Recognizes Its Utility
The market outlook for Injective (INJ) appears promising, with analysts predicting a potential price increase. Speculations suggest that the price of INJ could reach $9.74 by the end of 2023, reflecting a bullish sentiment among investors and signaling confidence in the platform’s future growth.
As Injective (INJ) prepares to unlock the full potential of its decentralized exchange with the Avalon upgrade, traders and enthusiasts eagerly anticipate the enhanced performance and scalability it will bring. With positive market predictions, the future looks bright for Injective (INJ) as it aims to solidify its position as a leading player in the blockchain ecosystem.
-Featured image from iStock.com and charts from TradingView.com


Injective Protocol, a prominent blockchain platform catering to decentralized applications (dApps), has recently gained significant attention due to the notable surge in the price of its native token, injective (INJ). Over the past week, the INJ token has experienced a remarkable growth rate of 2...

LEO Token price	$3.61
Low - High 24H	$3.56 - $3.61
Market cap	$3.35B
Volume 24H	$413,191.00
All time high	$8.14 -55.72% February 8th 2022
All time low	$0.799859 350.40% December 24th 2019
Genesis date	N/A

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