The CEO of Multichain, a Chinese cross-chain protocol, has been confirmed to have been arrested by Chinese authorities in May. This news confirms months of speculation and official denials on communication channels. The CEO, identified only as “Zhaojun He,” was arrested in Kunming. Multichain has a market capitalization of $1.5 billion and this news has caused concern among users of the protocol. It remains to be seen how this arrest will impact Multichain’s operations and future growth.