- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Core Foundation Secures Cayman Court Injunction, Accusing Maple Finance of Violating Partnership Agreement
BlockBeats News, November 20th, the Core Foundation announced that it has obtained a restraining order from the Grand Court of the Cayman Islands. The court determined that Maple Finance was suspected of violating confidentiality obligations and exclusive cooperation terms "with significant issues to be adjudicated" during the development of lstBTC in collaboration with the Core Foundation.
The Core Foundation stated that since the beginning of the partnership in 2025, they have invested heavily in technical development, market promotion, and product subsidies. However, Maple Finance has subsequently been accused of using confidential information to develop a competing product, in violation of their 24-month exclusive cooperation agreement. Regarding Maple Finance's announcement of the need to impair assets in the Bitcoin Yield product, the Core Foundation pointed out that it is still unclear why Maple Finance is unable to return the lent Bitcoin to lenders and emphasized that their actions reflect significant doubts about Maple Finance's business operations.
You may also like
Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth
Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot
Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply
Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer
Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?
$1.3 Billion Debt: BitDeer Faces Tough Battle
Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No
Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund
Ethereum Unveils Scaling Roadmap, What's Different This Time?
Anthropic Ban Wave, OpenAI $100 Billion Funding Controversy: What Is the Overseas Crypto Community Talking About Today?
Morning News | OpenAI receives $110 billion investment; Solana launches Solana Payments; M0, MoonPay, and PayPal jointly launch PYUSDx
Bloomberg: A Romanian Presidential Election Intervened by Crypto Traders
Founders Fund, Pantera, and Franklin Templeton join Sentient's "Arena" to stress test enterprise-level AI agents
Why Retail Is Shifting From Crypto to Equities: Will They Return?
Retail traders are exiting the crypto market and gravitating towards equities. Bitcoin saw a notable reduction in spot…
Canton Crypto Network vs. XRP: Understanding DTCC’s Strategic Approach to Infrastructure and Liquidity
Key Takeaways Canton Network and XRP serve distinct roles in blockchain technology: Canton for asset tokenization and atomic…
Jack Dorsey’s Block to Cut 4,000 Jobs in AI-Driven Restructuring
Key Takeaways Block’s significant job cuts aim to streamline operations for AI-driven growth. The company’s stock surged over…
Axiom Crypto Uncovered: ZachXBT Reveals $400k Insider Trading
Key Takeaways Allegations of insider trading at Axiom Crypto involve approximately $400,000 and a complex scheme where employees…
Ethereum 2029 Roadmap: ETH to Become the High-Speed Internet of Value
Key Takeaways Ethereum’s new roadmap, the “Strawmap,” aims for a settlement layer achieving 10,000 transactions per second (TPS)…
App