OnChainCrime
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In crypto, bridges are supposed to connect ecosystems.
But this one just led straight off a cliff.
šµļøāāļø On-Chain Crime : The Bridge to Nowhere (Multichain, formerly AnySwap)
Multichain started as AnySwap fast, flashy, full of cross-chain dreams.
Billions moved through it.
Everyone used it.
Nobody understood it.
Not really.
Then, without warning, things gotā¦ weird.
Transactions stalled.
Bridges paused.
Rumors flew like MEV bots in heat.
"Technical upgrade," they said.
"Temporary delay."
But behind the RPC lag was something darker.
The CEO ā Zhao Jun ā disappeared.
No comms. No tweets. No updates.
Then, the wallets started bleeding.
$126 million vanished across chains in coordinated transfers.
No hack report. No exploit post-mortem.
Just a dead multisig, an absent founder, and a protocol frozen in time.
By the end, every bridge was a trap.
A one-way trip to null wallets and unanswered Discord pings.
Multichain wasnāt compromised.
It was abandoned.
Turns out, the bridge didnāt break.
It was never safe to cross.
$LTC $SOL $BNB
#OnChainCrime #CrossChainInteroperability #BTCReserveStrategy
But this one just led straight off a cliff.
šµļøāāļø On-Chain Crime : The Bridge to Nowhere (Multichain, formerly AnySwap)
Multichain started as AnySwap fast, flashy, full of cross-chain dreams.
Billions moved through it.
Everyone used it.
Nobody understood it.
Not really.
Then, without warning, things gotā¦ weird.
Transactions stalled.
Bridges paused.
Rumors flew like MEV bots in heat.
"Technical upgrade," they said.
"Temporary delay."
But behind the RPC lag was something darker.
The CEO ā Zhao Jun ā disappeared.
No comms. No tweets. No updates.
Then, the wallets started bleeding.
$126 million vanished across chains in coordinated transfers.
No hack report. No exploit post-mortem.
Just a dead multisig, an absent founder, and a protocol frozen in time.
By the end, every bridge was a trap.
A one-way trip to null wallets and unanswered Discord pings.
Multichain wasnāt compromised.
It was abandoned.
Turns out, the bridge didnāt break.
It was never safe to cross.
$LTC $SOL $BNB
#OnChainCrime #CrossChainInteroperability #BTCReserveStrategy
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āš„ Just Released: The U.S. Department of Justice (DOJ) has officially applied to freeze up to $225.3M in cryptocurrency assets used for the 'Pig Butchery' scam. This money laundering case involving Tether and OKX emphasizes once again: think before you act, on-chain crime will be held accountable. It is recommended that platforms and project teams strengthen KYC/AML compliance; otherwise, not only is there a risk of funds, but they may also be implicated. #CryptoCompliance #OnChainCrime ā
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