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Posted: 2025-05-16 10:06:55 UTC
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-05-16 10:21:23 UTC
Verified By
Rollup News
The High Court of Singapore has ordered the liquidation of the Multichain Foundation following a damages lawsuit filed by SonicLabs (formerly Fantom). KPMG has been appointed as the liquidator to manage the bankruptcy proceedings, which stem from a $210 million cross-chain hack in July 2023, including significant losses from the Fantom bridge.
Liquidation of Multichain Foundation
Appointment of KPMG as liquidator
$210 million cross-chain hack
Damages lawsuit by SonicLabs (formerly Fantom)
$210 million cross-chain hack
Abnormal withdrawals from Fantom bridge
Bankruptcy proceedings for Multichain Foundation
Damages lawsuit