The Singapore High Court ruled that the Multichain Foundation must compensate Fantom approximately 2.19 million USD.

the Singapore High Court ruled that Multichain Foundation must compensate the Fantom Foundation $2,187,870.55.

Previously, Multichain was found in default on January 30, and a damages hearing was held on June 3. The Fantom Foundation aims to push for the liquidation of Multichain through litigation, with the court appointing a liquidator to help recover and distribute assets. Attorney Nicolas Tang stated that this ruling is a significant victory for clients and the crypto community, reinforcing the legal status of digital assets.