Loading...
Market
Will Multichain pay the additional $2M to Fantom Foundation by Dec 31, 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
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
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Less than 2 million $MANTA • 25%
2 million to 5 million $MANTA • 25%
5 million to 8 million $MANTA • 25%
More than 8 million $MANTA • 25%
Yes • 50%
No • 50%
