Singapore High Court Ruling Supports Sonic Labs' Motion to Force Multichain Foundation Liquidation
The Singapore High Court ruled in favor of Sonic Labs' motion to compel the liquidation of Multichain Foundation to recover funds stolen during the 2023 hack. Sonic Labs CEO Michael Kong stated in a declaration on X on May 14 that the team behind Sonic felt they had no choice but to file a lawsuit to force the closure of Multichain due to its former employees being "completely uncooperative."
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