In the May 9 judgment in the Singapore Supreme Court, Justice Kwek Mean Luck granted a request from Sonic Labs, formerly the Fantom Foundation, to declare Multichain bankrupt and appoint liquidators from global audit, tax and advisory service KPMG.
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Sonic Labs wins judgment for Multichain Foundation to wind up
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Sonic Labs secured Singapore High Court ruling to liquidate the Multichain Foundation and appoint KPMG as official liquidator, aiming to recover its share of losses from a $210 million exploit in July 2023
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