TRON

Fantom

Three big crypto companies have responded to the delays and concerns surrounding the Multichain protocol, which allows for communication and transactions between different blockchain networks.The Fantom Foundation withdrew $2.4 million worth of the protocol’s native MULTI tokens from the decentralized exchange SushiSwap, according to on-chain analysts Lookonchain. This action made the tokens available for selling. Additionally, Chinese crypto investment firm HashKey Group transferred $250,000 to the crypto exchange Gate.io, as reported by crypto analysts at Arkham Intelligence.Tron founder Justin Sun withdrew 470,000 units of the <a href="https://cryptosheadlines.com/eu-regulator-signals-potential-veto-on-large-stablecoins-in-mica-approval-process/" rel="noopener noreferrer nofollow">stablecoin</a> USDD from the Multichain protocol, as reported by Lookonchain.Also Read This Related: <a href="https://cryptosheadlines.com/justin-sun-transfers-4-3-million-worth-of-makerdao-tokens-to-binance-reveals-blockchain-data/" rel="noopener noreferrer nofollow">Justin Sun Transfers $4.3 Million Worth of MakerDAO Tokens to Binance, Reveals Blockchain Data</a>Users have expressed concerns about delayed transactions within the Multichain protocol in recent days. The protocol, however, assures that the delays are due to an ongoing upgrade, with only one remaining router left to be upgraded.According to Mog, the Vice President of Strategic Partnerships at Multichain, the bridge and swap functions are operating normally. The only pending upgrade is related to Router2 routing, while the rest of the routings and token bridges are functioning as intended.Read In Details Here: <a href="https://cryptosheadlines.com/fantom-foundation-justin-sun-and-hashkey-respond-to-multichain-challenges/" rel="noopener noreferrer nofollow">https://cryptosheadlines.com/fantom-foundation-justin-sun-and-hashkey-respond-to-multichain-challenges/</a>

Fantom Foundation, Justin Sun, and HashKey Respond to Multichain Challenges

CryptosHeadlines.com

Other articles published on May 24, 2023

Coinbase Files Mandamus Petition Against U.S. SEC

SafeMoon Rises in Trend on Crypto Twitter, Rivaling BEN

Is NFT Trading Volume Plummeting Because of Meme?

Community Update: Chain Of Alliance Alpha 1.0 Is Live; Roadmap And More

Ethereum developer says now anyone can launch a token in less than a minute

Bitcoin Faces Resistance at $27K as Toncoin Surges

Join our free newsletter for daily crypto updates!