The Fantom Foundation, which is responsible for the development of the Fantom blockchain, has removed millions of dollars in liquidity from a trading pool for the native token of Multichain. This has raised concerns about the stability of the cross-chain bridging protocol.
Users of Multichain have reported days of delays in withdrawing their crypto assets from the protocol, which helps them move assets between the Fantom and Ethereum ecosystems.
The major on-chain moves correspond with a plummet in MULTI’s trading price, which has fallen over 28.5% in the past 24 hours.
All Comments