Singapore Court Rules in Favor of Fantom Foundation in Lawsuit Against Multichain

Fantom Foundation has successfully won a lawsuit against Multichain in the Singapore High Court, which ruled that Multichain had breached the contract and must pay a compensation of $2.1 million for the losses. The court pointed out that the behavior of Multichain's leadership in controlling encrypted assets violated the user agreement, and the background of this case was that Multichain admitted to a key breach on social media. Fantom Foundation plans to continue to promote the liquidation process of Multichain and provide support for the recovery and distribution of assets to affected parties.