Fantom Foundation Seeks to Wind Up Multichain to Recover Funds Lost in $200M Exploit

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Fantom Foundation Seeks to Wind Up Multichain to Recover Funds Lost in $200M Exploit

The foundation, which said it won a default judgment in Singapore in January when Multichain failed to respond, is now seeking to liquidate the company, a process that’s equivalent to a Chapter 7 bankruptcy in the U.S., so that any assets can be recovered and distributed. www.coindesk.com

The foundation, which said it won a default judgment in Singapore in January when Multichain failed to respond, is now seeking to liquidate the company, a process that’s equivalent to a Chapter 7 bankruptcy in the U.S., so that any assets can be recovered and distributed.

www.coindesk.com

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