Singapore Court Rules in Fantom Foundation’s Lawsuit Against Multichain

Odaily News Fantom Foundation successfully won a lawsuit against Multichain in the Singapore High Court, ruling that Multichain breached the contract and ordered it to pay $2.1 million in damages. The court pointed out that Multichain's leadership's control of crypto assets violated the user agreement, and the case was based on Multichain's admission of key breaches on social media. Fantom Foundation plans to continue to promote Multichain's liquidation process and provide support for the recovery and distribution of assets of affected parties. (Cryptoslate)