Concentrating Liquidity
The NFTY team has been closely monitoring the situation with the MultiChain Foundation since early May. Around that time, the MultiChain foundation indicated concerns with lack of contact with their CEO.
In the past two days, the Multichain protocol has experienced multiple issues due to unforeseeable circumstances. The team has done everything possible to maintain the protocol running, but we are currently unable to contact CEO Zhaojun and obtain the necessary server access for…
— Multichain (Previously Anyswap) (@MultichainOrg) May 31, 2023
However, after today's events continuing the controversy, the NFTY team has decided to act out of an abundance of caution.
Moving forward as of July 6, 2023, the NFTY team will move to concentrate liquidity across its native chain, Ethereum. More communications are to come with transaction records on the liquidity rebalancing.
Stay tuned for official updates at: https://twitter.com/nftyfinance/
In the meantime, please revoke all MultiChain approvals via: http://revoke.cash