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How will Multichain's market share change by Dec 31, 2024, following the court ruling?
2
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Story
Singapore Court Orders Multichain to Pay $2.1M to Fantom Foundation for $210M Hack Damages
Jul 8, 2024, 11:03 PM
The Singapore High Court has ruled in favor of the Fantom Foundation in its lawsuit against Multichain. The court has ordered Multichain to pay $2.1 million to the Fantom Foundation for losses incurred due to a $210 million hack exploit. Additionally, Multichain owes Fantom $2 million for the exploit. This ruling is seen as a significant warning for early-stage startups to scrutinize their leadership and contracts more closely. The decision underscores the importance of accountability and security in the cryptocurrency space.
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