Anyswap

Anyswap (ANY), which rebranded to Multichain, represents a catastrophic failure in the cryptocurrency space. The project is effectively defunct following the arrest of its CEO, Zhaojun, in mid-2023, which revealed severe centralization risks; the CEO held exclusive control over the protocol's MPC keys. This single point of failure led to a halt in operations and the subsequent unauthorized drainage of over $125 million in user funds. Active development has ceased entirely, with GitHub activity abandoned and the team disbanded. Tokenomics are nonexistent as the token has no utility or functioning ecosystem. Community channels are dead, serving only as archives of the collapse. While the project once had a valid market use case as a cross-chain bridge, it has been rendered obsolete by its operational shutdown and security failures. Consequently, ANY is a 'zombie token' with no investment merit.