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Sonic Labs Wins Court Order to Liquidate Multichain Foundation
16.5.2025
Sonic Labs CEO Michael Kong announced that the Singapore High Court has approved the liquidation of Multichain Foundation, appointing KPMG’s Singapore branch as liquidators. Multichain’s Refusal to Cooperate Forced Sonic Labs’ Hand Sonic Labs CEO Michael Kong said the Singapore High Court...
Sonic Labs wins judgment for Multichain Foundation to wind up
15.5.2025
A Singapore High Court has ruled in favor of Sonic Labs’ motion to force the Multichain Foundation to wind up in an effort to recover funds stolen during a 2023 hack.In the May 9 judgment in the Singapore Supreme Court, Justice Kwek Mean Luck granted a request from Sonic Labs, formerly...
Multichain Foundation to pay $2.1M to Fantom for losses
9.7.2024
The High Court of Singapore ordered Multichain to compensate the Fantom Foundation after a $210 million hack, awarding $2.18 million in damages