Loading...
Market
What will be the outcome of Multichain's payment to Fantom Foundation by Dec 31, 2024?
3
Resolution / Starting Odds
Pays full $4.1M • 25%
Pays partial amount • 25%
Does not pay • 25%
Appeals ruling • 25%
Official court documents or public statements from Multichain or the Fantom Foundation
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.
View original story
Similar markets
Less than $8 billion • 25%
$8 billion to $12 billion • 25%
$12 billion to $16 billion • 25%
Exactly $16 billion • 25%
Less than $100 million • 25%
$100 million to $150 million • 25%
$151 million to $200 million • 25%
More than $200 million • 25%
Full recovery • 25%
Partial recovery • 25%
Minimal recovery • 25%
No recovery • 25%
Less than $10 billion • 25%
$10 billion to $12 billion • 25%
$12 billion to $14 billion • 25%
More than $14 billion • 25%
Less than $4 billion • 25%
$4 billion to $8 billion • 25%
$8 billion to $12 billion • 25%
More than $12 billion • 25%
Less than $10 billion • 25%
$10 billion to $12 billion • 25%
$12 billion to $14 billion • 25%
$14 billion or more • 25%
Project completed successfully • 25%
Project delayed • 25%
Project cancelled • 25%
Project restructured • 25%
Fully donated • 25%
Partially donated • 25%
Not donated at all • 25%
Other • 25%