Chainge, a cross-chain “distributed finance” project, locked up user funds for several months as their promises of salvation failed.
The project is a kind of bridge, a kind of decentralized exchange, led by DJ Qian, who previously founded Multichine.
The project’s telegram shows that many users complain that their transactions are stuck and unable to be processed, and Qian has promised that he will do so Inject liquidity to save the project.
Read more: Multichine Protocol secretly reboots to another million dollar exploit
Many of these reports are related to the WKAS bridge, with the team claiming that the issue was due to “bad actors” “a misuse of our services,” “causing liquidity shortages.”
These issues have continued since at least the beginning of this year, and perhaps as early as the end of last year.
this WKAS tokens are currently in substantial declineand the partnership with “Kas.fyi” has ended.
Read more: Rumor panic prompt panic beyond $1.5 billion blockchain bridge multichine
The team provided an update on March 24th, warning that they “don’t dare ETA,” but promised “100% will solve it,” and “hoping for that this week… The latest comes from my understanding.”
However, the solution is not yet available. Users are not yet able to access all funds. It is also not clear whether Chainge will be able to release these funds from locked-up Morass.
Meanwhile, it appears that there is still a frontend for this project Make this bridge available to usersdespite the problems.
Protos will reach out to Chainge for comment and will update this piece if she receives a reply.
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