Fantom Foundation Seeks to Wind Up Multichain to Recover Funds Lost in $200M Exploit

Date:

Share post:



Fantom Foundation Seeks to Wind Up Multichain to Recover Funds Lost in $200M Exploit

The foundation, which said it won a default judgment in Singapore in January when Multichain failed to respond, is now seeking to liquidate the company, a process that’s equivalent to a Chapter 7 bankruptcy in the U.S., so that any assets can be recovered and distributed.



Source link

Leave a reply

Please enter your comment!
Please enter your name here

Related articles

Airline Booking Traps That Cost You More |The Planet D: Adventure Travel Blog

Airline websites are not necessarily badly designed, even though they often feel that way. In many cases,...

Prince Park Tower, Tokyo, hotel review

Your support helps us to tell the storyFrom reproductive rights to climate change to Big Tech, The...

On-chain token trading is now built into the Kraken app

TL;DR On-chain token trading is now live in...

Singapore Adds Bybit to Alert List Alongside Binance and KuCoin

The Monetary Authority of Singapore has added Bybit to its Investor Alert List, putting the global crypto...