Singapore High Court Ruling Supports Sonic Labs' Motion to Force Multichain Foundation Liquidation
The Singapore High Court ruled in favor of Sonic Labs' motion to compel the liquidation of Multichain Foundation to recover funds stolen during the 2023 hack. Sonic Labs CEO Michael Kong stated in a declaration on X on May 14 that the team behind Sonic felt they had no choice but to file a lawsuit to force the closure of Multichain due to its former employees being "completely uncooperative."
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
Suiscan Releases 30-Day Growth Rankings, DeAgentAI Tops the Infra Track
Bitcoin Approaches $115,000 as Trump’s Tariff Policies Weaken Bullish Sentiment in Cryptocurrency
Citi: Negative U.S. Economic Outlook to Moderately Boost Gold Prices
Trending news
MoreCrypto prices
More
