According to Wu’s assurances, yesterday representatives of Multichain published a report on the incident on Twitter. According to the document, on May 21, 2023, the company’s CEO Jun Zhao was taken away by the Chinese authorities from his own home. Since then, the project team has been unable to contact their supervisor. His location remained unknown, and the phone was not working.

Later, on July 7 of this year, it seemed that the businessman made himself felt. He allegedly managed to be tracked, thanks to network logins from an IP address in Kunming on a cloud server platform, as well as a series of money transfers.