| Founded | 2020 |
|---|---|
| Closed | 2023 |
| Country | China |
| Sector | Web3 |
| Collapse type | Fraud Explosion |
| Founder | Zhaojun He |
Multichain
"CEO arrested in China, keys taken, $220M in user funds gone forever."
Sudden collapse triggered by fraud exposure
Key Events Timeline
Multichain (formerly AnySwap), a cross-chain bridge infrastructure protocol with $2B+ TVL, collapsed catastrophically in July 2023 when $126M in abnormal outflows were detected.
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