Sonic Labs wins the verdict, and the Multichain Foundation will be dissolved
ChainCatcher News, Singapore's High Court ruled in favor of Sonic Labs' motion to force the Multichain Foundation to liquidate in order to recover funds stolen during the 2023 hack.
Sonic Labs CEO Michael Kong said in a statement published on X on May 14 that the team behind Sonic felt there was no choice but to file a lawsuit to force down Multichain because its former employees were "completely uncooperative."
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