The developers of the cross-chain protocol Multichain promised compensation to users who suffered from a “force majeure” that caused transactions to freeze on the network.
While most of the cross-chain routes of Multichain protocol are functioning well, some of the cross-chain routes are unavailable due to force majeure, and the time for service to resume is unknown. After service is restored, pending transactions will be credited automatically.…
— Multichain (Previously Anyswap) (@MultichainOrg) May 24, 2023
Representatives of the project noted that most of the inter-network routes work “normally”. However, some are still unavailable and “service resumption unknown” time.
According to Multichain, after the network is restored, pending transactions will be credited automatically. The project team will present a specific compensation plan at a later date.
Users have been complaining about frozen translations since May 21st. Multichain said that the malfunction appeared in the process of technical work on the nodes of cross-chain routers.
Against the backdrop of network failures, the rate of the native MULTI token collapsed by almost 30%. The asset is still holding positions and does not fall lower. At the time of writing, the coin is trading at $4.99, according to data CoinGecko.
Recall that in mid-May, an unknown error occurred twice in the Ethereum blockchain, in which transactions could not be finalized for some time.
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