Multichain, a cross-chain project, has confirmed that its CEO Zhaojun was detained by Chinese police and is still in custody.

Chinese police took his computers, phones, hardware wallets, and mnemonic phrases. The project was unable to initially fix its technical issues because those who would normally sign such transactions had their access revoked.

All operational funds and investor funds were under Zhaojun's control and are now with the Chinese police. The project is forced to cease operations due to the lack of alternative sources of information and corresponding operational funds.