ReHold | Multichain Trading (@rehold_io) is grappling with a serious security breach after its CTO, Michael Semin, allegedly compromised the company’s private keys.
According to the company, Semin now controls both user funds and critical company servers. The incident has escalated into a hostile takeover attempt, with Semin reportedly threatening ReHold’s CEO, Renat Gafarov, and his family while demanding a substantial ransom.
A criminal case has been filed against Semin, and law enforcement authorities are actively searching for his whereabouts. The situation has left both the company and its users in a precarious position, with funds and operations at risk.
ReHold Team Takes Into Action
The ReHold team has called on the public for assistance in locating Michael Semin. Anyone with information regarding his whereabouts is urged to contact the company immediately at support@rehold.io.
In the meantime, ReHold has strongly advised all users to avoid conducting any transactions or clicking on any links related to the platform until the situation is officially resolved. The breach has raised concerns over the safety of user assets and the overall integrity of the platform’s operations.
As the investigation unfolds, ReHold users and investors are anxiously awaiting a resolution, hoping for the recovery of control and a swift restoration of security. This incident serves as a stark reminder of the critical importance of safeguarding private keys and maintaining strong internal security protocols in the world of cryptocurrency and decentralized finance.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.