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Chainge, the New Project by Multichain Founder, Faces Fund Delays and User Withdrawal Issues

Chainge, the New Project by Multichain Founder, Faces Fund Delays and User Withdrawal Issues

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金色财经金色财经2025/05/23 03:02

According to Protos, the cross-chain DeFi project Chainge, initiated by Multichain founder DJQian, has been reported to have issues with user asset delays, with some funds being stuck for months without being withdrawn. A large number of users have reported in Telegram groups that transactions are stuck, particularly concentrated on the wKAS cross-chain bridge. The official statement attributes the liquidity issues to "malicious actors abusing the service." The Chainge team has repeatedly promised to inject liquidity and restore functionality, but has yet to fulfill these promises, and the wKAS token has severely de-pegged. Despite the ongoing issues, the project's front end remains open for service, and the risk to funds has drawn market attention.

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