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
Morning News | Bitmine launches institutional Ethereum staking platform MAVAN; Franklin Templeton launches tokenized ETF; Morgan Stanley to issue and sponsor Bitcoin ETF
Kalshi early employees: Whoever controls the traffic controls the market
Tether signs contracts with four major audits, Circle's compliance moat collapses, stock price plummets by 20%
Proudly Introducing Aethir Claw: Your AI Agent, Our Infrastructure
Why Buying Gold Can Lead to Bankruptcy
If the US Treasury yield rises above 5%, will Bitcoin drop below $50,000?
Circle Plunges 20%: Crypto Earthquake Triggered by Draft Proposal
After the Smoke Clears: 5 Possible Endings to the Middle East Conflict
Stablecoin Yields Discontinued, Circle Plunges 20% in One Day
AI Wired into War Machine | Rewire News Nightly
Web3 is sick, but the cure is not AI
Why must Web3 projects be included in RootData?
Fluid Announces Updates on Resolv Hack Recovery and Compensation Plan
Key Takeaways Fluid has repaid approximately $70 million related to USR debts on the BNB and Plasma chains.…
Binance to Delist Key Spot Trading Pairs: What You Need to Know
Key Takeaways Binance is set to remove several spot trading pairs on March 27, 2026, at 11:00 AM…
Whale Activities in the Crypto Market: A Deep Dive into Recent Trends
Key Takeaways A significant whale deposit occurred 3 hours ago when 5.5 million USDT was moved to Binance…
Circle and Tether Freeze Iranian Exchange Wallex Wallet with $2.49M Assets on Hold
Key Takeaways Circle and Tether have frozen a significant amount of assets from an Iranian exchange called Wallex,…
James Wynn Engages in High-Leverage Bitcoin Short Position
Key Takeaways James Wynn recently opened a 40x leveraged short position on Bitcoin. His position involves 2.69 BTC,…
Major Whale Opens Significant 20x Leveraged Positions in ETH and BTC
Key Takeaways Whale 0x049b has executed large 20x leverage positions on 9,256 ETH and 282.47 BTC, totaling over…
App