According to Techub News, according to CryptoSlate, Fantom Foundation successfully won the lawsuit against Multichain in the Singapore High Court, and the judgment ruled that Multichain breached the contract and compensated for $2.1 million in losses.

The court pointed out that Multichain’s leadership’s control of crypto assets violated the user agreement, and the background of the case was that Multichain admitted to key breaches on social media. Fantom Foundation plans to continue to promote Multichain’s liquidation process and provide support for the recovery and distribution of assets of affected parties.