TechFlow reports that the Singapore High Court has ruled that Multichain Foundation must pay Fantom Foundation USD 2,187,870.55 in damages.
Previously, Multichain was found in default on January 30, and a damages hearing was held on June 3.
The Fantom Foundation hopes the lawsuit will trigger the liquidation of Multichain, with a court-appointed liquidator assisting in asset recovery and distribution. Counsel Nicolas Tang stated that this judgment represents a significant victory for clients and the crypto community, reinforcing the legal standing of digital assets.




