Singapore Court Rules in Favor of Fantom Foundation in Lawsuit Against Multichain
Fantom Foundation has successfully won a lawsuit against Multichain in the Singapore High Court, with a ruling that Multichain breached the contract and must compensate for a loss of $2.1 million. The court pointed out that Multichain's leadership's control of encrypted assets violated the user agreement, and the background of the case is that Multichain admitted to a key breach on social media. Fantom Foundation plans to continue to promote the liquidation process of Multichain and provide support for the recovery and distribution of affected parties' assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Uniswap v4 Launches With New Developer Features and 99.99% Cheaper Pools
Dogecoin, Bonk, and Pepe Set to Be Key Asset Allocations in 2025
BONK Price Forecast: Rebound Hopes Fade as TRUMP token drains 900M BONK Liquidity
XRP Up 511% Yearly, How Much Higher Can It Go?