In crypto, bridges are supposed to connect ecosystems.
But this one just led straight off a cliff.
🕵️♂️ 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 got… 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 — Zhao Jun — 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 wasn’t compromised.
It was abandoned.
Turns out, the bridge didn’t break.
It was never safe to cross.
#OnChainCrime #CrossChainInteroperability #BTCReserveStrategy
