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- 🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
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Event ends: August 9, 16:00 UTC
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Sonic Labs wins the ruling, and the Multichain Foundation will be dissolved.
ChainCatcher news, the Singapore High Court ruled in favor of Sonic Labs' motion to compel the Multichain Foundation to liquidate in order to recover funds stolen during the 2023 Hacker attack. Michael Kong, CEO of Sonic Labs, stated in a statement published on X on May 14 that the team behind Sonic believes they have no choice but to file a lawsuit to force the shutdown of Multichain, as its former employees are "completely uncooperative."