🚀 Chainge Users Face Prolonged Fund Lockup Amid Unfulfilled Promises
#Chainge #DeFi #CrossChain #FundingIssues #DJQian #MaliciousActors #LiquidityShortage #wKAS #TransactionDelays #FundLockup
According to PANews, the cross-chain DeFi project Chainge has been under scrutiny as users report being unable to access their funds for several months, with promised solutions yet to materialize. The project, led by Multichain founder DJ Qian, functions as both a cross-chain bridge and a decentralized exchange. Since late 2024 to early 2025, numerous users have complained about transaction delays, particularly with the cross-chain issues involving wrapped Kaspa (wKAS).
The Chainge team attributes the liquidity shortage to 'malicious actors abusing the service,' but the wKAS has significantly depegged, and the partnership with 'kas.fyi' has ended. On March 24, the project team assured users that the issues would be '100% resolved,' yet as of May 22, no resolution has been achieved. The front-end interface still allows cross-chain transactions, posing a risk of further fund absorption. Protos has reached out to the Chainge team for comments but has not received a response.#Chainge #DeFi #CrossChain #FundingIssues #DJQian #MaliciousActors #LiquidityShortage #wKAS #TransactionDelays #FundLockup
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🚀 Web3 Projects Urged to Enhance Transparency Amid Concerns
#Web3 #Transparency #RootData #ByteNova #Endless #TuneFM #ArkOfPanda #Chainge #AssetData #Funding #ChainCatcher #TransparencyAlert #Investors #RiskManagement #Misconduct
Web3 asset data platform RootData has issued a transparency alert on Twitter, highlighting concerns over the funding information of projects such as ByteNova, Endless, Tune.FM, Ark of Panda, and Chainge. According to ChainCatcher, RootData is urging these projects to submit or update their information on its platform to improve their transparency scores. RootData has committed to ongoing monitoring and exposure of projects lacking essential information.
RootData's transparency score is designed to assess the completeness and timeliness of a project's information disclosure. The score ranges from A to F, with lower scores indicating less comprehensive information disclosure and higher risk of misconduct. Investors are advised to exercise caution with projects that have lower transparency scores.#Web3 #Transparency #RootData #ByteNova #Endless #TuneFM #ArkOfPanda #Chainge #AssetData #Funding #ChainCatcher #TransparencyAlert #Investors #RiskManagement #Misconduct