Fantom Foundation Seeks Retrieval of Assets Lost in Multichain Exploit
- Fantom Foundation has been working to recover funds stolen from the Multichain exploit.
- The Fantom Foundation filed a lawsuit in Singapore against Multichain for breach of contract; the court ruled in the Fantom Foundation’s favor.
- The blockchain requests the court to appoint a liquidator to retrieve and distribute the funds.
The Fantom Foundation, the organization associated with the Layer 1 blockchain Fantom, recently shared insights on its efforts to recover funds lost in a major exploit of Multiflow last year. The Fantom Foundation filed a lawsuit against Multichain Foundation, to which the Honorable Registrar Tan Boon Heng of the General Division of the High Court of Singapore responded by granting a default judgment ruling on January 30.
In July 2023, Multichain experienced a mysterious outflow of …
The post Fantom Foundation Seeks Retrieval of Assets Lost in Multichain Exploit appeared first on Coin Edition.
Fantom Foundation Seeks Retrieval of Assets Lost in Multichain Exploit
- Fantom Foundation has been working to recover funds stolen from the Multichain exploit.
- The Fantom Foundation filed a lawsuit in Singapore against Multichain for breach of contract; the court ruled in the Fantom Foundation’s favor.
- The blockchain requests the court to appoint a liquidator to retrieve and distribute the funds.
The Fantom Foundation, the organization associated with the Layer 1 blockchain Fantom, recently shared insights on its efforts to recover funds lost in a major exploit of Multiflow last year. The Fantom Foundation filed a lawsuit against Multichain Foundation, to which the Honorable Registrar Tan Boon Heng of the General Division of the High Court of Singapore responded by granting a default judgment ruling on January 30.
In July 2023, Multichain experienced a mysterious outflow of …
The post Fantom Foundation Seeks Retrieval of Assets Lost in Multichain Exploit appeared first on Coin Edition.