🚨 Singapore's High Court has ruled that the Multichain Foundation must pay the Fantom Foundation $2.187 million in compensation for losses incurred during a $210 million hack. The hack, which took place in July 2023, saw a mass outflow of assets from multiple chains, including Fantom, Ethereum, and BNB. The court found that the breach was possible due to the Multichain CEO's ultimate control over the assets. Meanwhile, crypto losses from hacks and scams have more than doubled in Q2 2024 compared to Q2 2023, reaching a whopping $572 million. Stay safe, crypto comrades! 💰🔒