Fantom Foundation Earns Million Dollar Compensation!
#Fantom Foundation won its case in the Singapore High Court! By court decision, it was determined that Multichain had violated the contract and had to cover damages of $ 2.1 million.
Allegation:
* Multichain admitted that it had a critical security vulnerability on social media.
* Fantom Foundation filed a lawsuit, claiming that it was damaged due to this vulnerability.
Court order:
* The Singapore High Court ruled that Multichain's way of controlling cryptocurrencies violates user protocol.
* The court sentenced Multichain to pay compensation of $ 2.1 million to Fantom Foundation.
What will happen now?
* Fantom Foundation plans to initiate the liquidation process of Multichain.
* In this process, it aims to support the recovery and distribution of the assets of people affected by the attack.
So what is your opinion?
* How will this decision affect security in the cryptocurrency market?
* What do you think should be considered in crypto money investments?
* Share your thoughts in the comments and join the discussion!
