PANews reported on May 23 that the cross-chain DeFi project Chainge has been trapping user funds for months, with promised solutions failing to materialize. The project is led by Multichain founder Zhao Jun (DJ Qian) and features both cross-chain bridges and decentralized exchange functions. User complaints indicate that from the end of 2024 to early 2025, a large number of users reported transaction delays that could not be processed, especially with the wKAS (wrapped Kaspa) cross-chain issues being the most severe. The team blames “malicious actors abusing the service for causing liquidity shortages,” but wKAS has now significantly depegged, and the partnership with “kas.fyi” has been terminated.
The project team stated on March 24 that “100% will be resolved,” but as of May 22, this has not been fulfilled. The front-end page still has cross-chain functionality open, posing a risk of continuing to attract funds. Protos has reached out to the Chainge team for comments, but has not yet received a response.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
