Multichain Wallet Sees Massive Fund Outflow
Zhao Jun, the founder of a decentralised exchange platform Multichain, has moved more than $100 million in crypto assets to a new address, according to a tweet from Chinese crypto journalist Wu Blockchain.
Today, the EOA address controlled by Zhao Jun made another fund transfer, according to Wu Blockchain.
After withdrawing a transaction fee of 299.3 FTM from Huobi, 64 million USDT, 13,000 WETH, 11.9 million DAI, and 52 BTC were transferred to the new wallet address.
The ethereum in question is worth approximately $ 24 million, and the BTC transferred is worth approximately $ 1.5 million.
On July 14, 2023, Multichain published a report stating that Zhao Jun’s sister transferred the remaining user assets in the pool on July 9, 2023, after discovering the abnormal situation.
The most recent fund transfer is thought to have been carried out by Zhao Jun’s sister, who has access to his cryptocurrency accounts.
(With inputs from Shikha Singh)
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