Fantom's Quest for Bankruptcy Ruling Against Multichain to Recover Lost Millions
Key Takeaways Fantom seeks to have Multichain declared bankrupt by the Singapore High Court to recover around $122 million lost in a bridge exploit. A default judgment has been secured by Fantom, paving the way for the potential appointment of a liquidator to manage asset recovery. The case highlights ongoing efforts to tackle security vulnerabilities within the blockchain space.
Key Takeaways
- Fantom seeks to have Multichain declared bankrupt by the Singapore High Court to recover around $122 million lost in a bridge exploit.
- A default judgment has been secured by Fantom, paving the way for the potential appointment of a liquidator to manage asset recovery.
- The case highlights ongoing efforts to tackle security vulnerabilities within the blockchain space.
