Introduction
In a significant legal development, Singapore’s High Court has ruled in favor of the Fantom Foundation, ordering Multichain Foundation Ltd. and Multichain Pte Ltd. to pay $2.19 million in damages. This ruling stems from Multi chain’s failure to deliver 4.175 million FTM tokens, highlighting complexities in cryptocurrency-related litigation.
Legal Background and Case Details
The core issue of the case revolved around Multi chain’s contractual obligation to supply 4.175 million Fantom (FTM) tokens to the Fantom Foundation.·
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