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
Investor Demand Surges for This AI Agent Token, Pushing Its ICO to $5.2 Million
![](https://img.bgstatic.com/multiLang/image/social/17eeae386d50fc883035ae95fb9de4821738900506602.jpg)
Bitget Spot Cross Margin adds TRX/USDC, FIL/USDC, DOT/USDC, PEPE/USDC, SHIB/USDC
Michael Saylor: After his death, he will donate his shares to a public charity that supports Bitcoin
BTC breaks through $97,500
Trending news
MoreCrypto prices
More![Bitcoin](https://img.bgstatic.com/multiLang/coinPriceLogo/bitcoin.png)
![Ethereum](https://img.bgstatic.com/multiLang/coinPriceLogo/ethereum.png)
![Tether USDt](https://img.bgstatic.com/multiLang/coinPriceLogo/0208496be4e524857e33ae425e12d4751710262904978.png)
![XRP](https://img.bgstatic.com/multiLang/coinPriceLogo/ripple.png)
![Solana](https://img.bgstatic.com/multiLang/coinPriceLogo/solana.png)
![BNB](https://img.bgstatic.com/multiLang/coinPriceLogo/binance.png)
![USDC](https://img.bgstatic.com/multiLang/coinPriceLogo/usdc.png)
![Dogecoin](https://img.bgstatic.com/multiLang/coinPriceLogo/dogecoin.png)
![Cardano](https://img.bgstatic.com/multiLang/coinPriceLogo/cardano.png)
![TRON](https://img.bgstatic.com/multiLang/coinPriceLogo/tron.png)