Background

Singapore Court Orders Multichain to Give Fantom a Whole Lot of Money Because They Lost Count in Crypto Land

Crypto NewsHackRegulation/Negotiation 1 Linda Williams August 16, 2024

An illustration of a judge's gavel striking two coins on top of a pile of money with broken chains in the background as Fantom Foundation Ltd.'s logo rises from the wreckage amidst scattered FTM tokens. A faint image of Multichain Bridge is visible at the bottom left corner, partially destroyed by flames and smoke. The overall atmosphere conveys a sense of justice being served while emphasizing the consequences for those who failed to deliver on their promises in crypto land.

Let’s get this over with already! Another day, another crypto company getting sued for its shoddy practices. This time it’s Multichain Foundation Ltd., which has been ordered to pay Fantom Foundation $2.19 million in damages following a default judgment due to their failure to deliver 4.175 million FTM tokens or their equivalent value. Because who needs actual assets, right? Just some numbers on a computer created from thin air! The court even acknowledged the inherent challenges of valuing cryptocurrencies due to their volatility and lack of a single objective price – like they don’t know that already

Source: bitcoin.com

Singapore Court Orders Multichain to Pay Fantom Foundation $2.19 Million
https://news.bitcoin.com/singapore-court-orders-multichain-to-pay-fantom-foundation-2-19-million
The High Court of Singapore has awarded Fantom Foundation Ltd. damages totaling $2.19 million in a case against Multichain Foundation Ltd. and Multichain Pte Ltd. This ruling followed a default judgment due to Multichain’s failure to deliver 4.175 million FTM tokens or their equivalent value. Fantom Foundation Ltd. (the claimant) brought a case against Multichain Foundation Ltd. and Multichain Pte Ltd. (the defendants) in the High Court of Singapore following […]

Tagged as:

Share on

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

About the author

Linda Williams

Linda’s venture into cryptocurrency ended in a gut-wrenching disaster when she lost her private keys due to a ridiculous mishap involving coffee and a particularly reckless cat. With her funds locked away forever, Linda now pours her frustration into writing biting critiques of crypto’s absurdities, dripping with sarcasm. Her tagline? “I lost my private keys and my sanity. Crypto promised freedom, but all it gave me was a lifetime of regret.”

More posts

Previous

Next

You may also like

Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

We are the internet’s finest destination for poking fun at the wild world of cryptocurrency! We transform the bewildering jargon and frantic hype of the crypto market into a comedy spectacle that’s almost as volatile as crypto itself.

ABOUT
CONTACT
PRIVACY
IMPRINT
© 2024 Cryptobro Magazine
X-twitter