Singapore Court Rules in Fantom Foundation’s Lawsuit Against Multichain

Fantom Foundation successfully won a lawsuit against Multichain in the Singapore High Court, with a judgment ruling that Multichain was in breach of contract and ordered to pay $2.1 million in damages. The court pointed out that Multichain's leadership's actions to control crypto assets violated the user agreement, and the background of the case was that Multichain admitted 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)