The High Court of Singapore ruled in favor of Sonic Labs 'motion, forcing the Multihain Foundation to liquidate

Crypto 7x24

2025-05-15 16:12:28

6385

Online reports that the Singapore High Court ruled in favor of Sonic Labs 'motion to force the Multihain Foundation to liquidate funds stolen during the 2023 hacking. In a statement issued on X on May 14, Sonic Labs CEO Michael Kong said the team behind Sonic felt there was no choice but to file a lawsuit to force the shutdown of Multihain because of its former employees "complete non-cooperation."

Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.

NewFlash

CoinMarketCap officially launched CMC Launch platform, with the first project being the decentralized sustainable trading platform Aster
22:19
US SEC makes decision on extension of approval for 21Shares Spot Polkadot ETF
22:18
A giant whale transferred 2218 BTC from CEX in the past 3 hours, worth approximately US$227 million
22:18
eToro CEO: Current cumulative profit of US$50 million
22:17
Crypto market maker Wintermute will open U.S. headquarters in New York
22:17
Golden Evening News| A list of important developments on the evening of May 15
22:16
Wintermute opens US headquarters in New York and appoints policy experts
22:16
Ondo Finance launches round-the-clock conversion service between OUSG and PYUSD
22:15
Federal Reserve Chairman Powell: Zero interest rate floor remains a risk
22:15
The US dollar index DXY fell 15 points in the short term and is now trading at 100.67
22:14
The number of people applying for unemployment benefits in the United States for the first time last week reached 229,000
22:14
Tether once again casts 1 billion USDTs on the Tron Network
22:13
AI video platform Hedra completes US$32 million in Series A financing, led by a16z
22:13
Cango: Q1 mining yielded 1541 bitcoins
22:12
The average cost of an address holding 100 to 1000 ETH is $2,225
20:19
Tether Treasury has cast 1 billion USDTs in Tron Chain
20:18
Li Lin's family office Avenir Group holds approximately $691 million in BlackRock Bitcoin ETF
20:17
Coinbase: Will not pay $20 million ransom demands it receives
20:17
AI coin real-time mindshare list: VIRTUAL, FARTCOIN, REKT ranked among the top three
20:16
Galaxy Digital deposited 17.82 million ENAs with CEX, resulting in a floating loss of US$2.64 million
20:15
Binance Wallet will launch Alaya AI (AGT) TGE event
18:22
US President Trump: Will 'have to consider' winning 'fourth' election
18:21
Binance platform NXPC contract funding rate rises to 2%
18:21
Ministry of Commerce: All parties to Changhe Group's port sales transaction shall not circumvent review
18:20