Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Supreme Court of Gibraltar Freezes $7 Million in Cryptocurrency Amid Legal Dispute

Supreme Court of Gibraltar Freezes $7 Million in Cryptocurrency Amid Legal Dispute

CointimeCointime2025/02/14 03:33
By:Cointime

Ready Makers Inc., a Web3 gaming company, has announced that the Supreme Court of Gibraltar has ruled in its favor and frozen $7 million worth of its cryptocurrency as part of ongoing litigation against its local subsidiary. The dispute involves Ready Makers (Gibraltar) Limited and its CEO, Christina Macedo, who is accused of taking control of the company and its PLAY token, used as rewards in games on the platform. Nearly 440 million PLAY tokens, representing almost half of the circulating supply, have been placed in the custody of a court-appointed custodian in the case against the Gibraltar-based Ready Maker, operating as PLAY Network. The court order also prohibits any attempts to relocate the Gibraltar firm or the tokens. Ready Games, the US-based company behind Ready Makers, is seeking to regain control of the Gibraltar subsidiary, which it intended to use as a launch vehicle for its token.

0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Qubetics, Arbitrum, and Polkadot: The Best Altcoins to Buy Now for Short Term Gains in 2025

Explore a detailed comparison of Qubetics, Arbitrum, and Polkadot, discussing their future potential, latest news, and why they are among the best altcoins to buy and hold.Qubetics: The New Contender in the Blockchain ArenaArbitrum Expands in DeFi Amid Security EnhancementsPolkadot 2.0 Upgrade Boosts Scalability and Developer AccessibilityWhy Qubetics Could Solve ProblemsConclusion: The Altcoins to Watch in 2025

Coinomedia2025/04/09 06:22
Qubetics, Arbitrum, and Polkadot: The Best Altcoins to Buy Now for Short Term Gains in 2025

Bitcoin Shows Strong Resilience in Market Turmoil

Bernstein highlights Bitcoin’s impressive resilience during recent financial turmoil, outperforming past crisis patterns.Bitcoin Resilience Impresses Bernstein AnalystsImpressive Performance Amid Global InstabilityInstitutional Recognition Could Boost Long-Term Value

Coinomedia2025/04/09 06:22
Bitcoin Shows Strong Resilience in Market Turmoil