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BCB Group migrates custody to Metaco’s platform, enhancing security and governance. Ripple’s strategic acquisition of Metaco strengthens its position in the crypto industry. The collaboration aims to drive innovation and efficiency in digital asset operations. In a strategic maneuver in collaboration with Ripple, Metaco, and IBM Cloud, BCB Group has transitioned its custody operations to Metaco’s platform, a move aimed at streamlining its digital asset management. The London-based firm, known for providing payment and trading services to major crypto institutions, including Gemini and Kraken, has chosen Metaco’s flagship platform to enhance the security and efficiency of its operations. This decision marks a significant shift for BCB Group, which has migrated from a third-party digital asset technology provider to leverage Metaco’s advanced custody orchestration platform . With this move, BCB Group aims to centralize its cust...

Multichain will be shutting down services as a result of the CEO “being taken away by the police” and the issues the team has faced afterwards. Multichain unable to access funds Multichain, a cross-chain protocol formerly known as Anyswap, took to Twitter on July 14 to reveal a rundown which began with the arrest of CEO Zhaojun by Chinese authorities on May 21, stating that the company has been unable to communicate with Zhaojun since his arrest.  1. On May 21, 2023, Multichain CEO Zhaojun was taken away by the Chinese police from his home and has been out of contact with the global Multichain team ever since. The team contacted the MPC node operators and learned that their operational access keys to MPC node servers had… — Multichain (Previously Anyswap) (@MultichainOrg) July 14, 2023 Information given by Zhaojun’s family revealed that authorities confiscated the CEO’s phones, computers, mnemonic phrases and hardware wallets. The seizure, mea...

The Multichain team said that the team’s funds and access to servers are currently with their CEO Zhaojun who is under Chinese police custody. Cross-chain router protocol Multichain has announced that it is "forced to cease operations " because of the lack of operational funds . The announcement follows a report from blockchain analytics firm Chainalysis saying that withdrawals appear to be a “rug pull” by insiders.  On July 14, Multichain’s official Twitter account announced that it will be finally halting its operations . The team said that a “lack of alternative sources of information and corresponding operational funds ” has forced them to shut down their business activities. 1. On May 21, 2023, Multichain CEO Zhaojun was taken away by the Chinese police from his home and has been out of contact with the global Multichain team ever since. The team contacted the MPC node operators and learned that their operational access keys to MPC node servers had… — Multichain (Previ...