The Singapore High Court ruled that the Multichain Foundation must compensate Fantom approximately 2.19 million USD

ChainCatcher news, the Singapore High Court ruled that Multichain Foundation must compensate the Fantom Foundation $2,187,870.55.

Previously, Multichain was found in default on January 30, and a damages hearing was held on June 3. The Fantom Foundation aims to push for the liquidation of Multichain through litigation, with the court appointing a liquidator to help recover and distribute assets. Attorney Nicolas Tang stated that this ruling is a significant victory for clients and the crypto community, reinforcing the legal status of digital assets.