Multichain Commits to Compensating Users Affected by ‘Force Majeure’ Occurrence
CoinEdition
Published May 25, 2023 03:30AM ET
Updated May 25, 2023 04:00AM ET
Multichain Commits to Compensating Users Affected by ‘Force Majeure’ Occurrence
- Multichain’s cross-chain routes experience unusual delay.
- The team addressed the cause of the unavailability as “force majeure.”
- Mutlichain assured to compensate users who were affected.
Multichain, a cross-chain protocol that was previously known as Anyswap, has committed to compensating affected users following a “force majeure” incident that has resulted in the unavailability of certain cross-chain routes.
In response to the delay in transactions, the price of MULTI has dropped by over 21% in the last 24 hours. MULTI is down by 35% in the last seven days, according to CoinGecko data. At press time, it was trading at $5.18, down from a 24-hour high of $6.55.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
The post Multichain Commits to Compensating Users Affected by ‘Force Majeure’ Occurrence appeared first on Coin Edition.
See original on CoinEdition
Get The News You Want
Written By: CoinEdition
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.