🚨Attention crypto-investors! The Singapore Supreme Court has ordered the Multichain Foundation, a cross-chain router protocol, to compensate the Fantom Foundation, a layer-1 platform, for losses suffered during a $210 million hack. The attack affected several chains, including Fantom, Ethereum, BNB, Cronos, Polygon, Arbitrum, zkSync, Optimism, and Moonbeam. 📉

The court has awarded Fantom $2.187 million for losses suffered. However, Fantom's total ecosystem losses are estimated at around a third of the $210 million lost.

Additionally, crypto losses from hacks and scams doubled in the second quarter of 2024 compared to the same period a year earlier, according to blockchain security platform Immunefi.

What do you think about this court ruling? How do you think it will affect BTC and the cryptocurrency market in general? Share your thoughts in the comments! 💭