At the time, Sonic Labs said the decision to pursue the liquidation came after "persistent absence" of Multichain despite multiple attempts to reach the foundation's key personnel.
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Sonic Labs secures court order to liquidate Multichain Foundation to recoup losses from $210 million exploit
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Sonic Labs, in regard to its case for Multichain Foundation’s liquidation, stated that they were forced to pursue liquidation of Multichain as its former employees were completely uncooperative, persistently absent, and concealed themselves from victims following the 2023 exploit
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