Fantom Foundation's Decision to Liquidate Multichain Foundation for Asset Recovery

Tuesday, 5 March 2024, 06:04

Fantom Foundation announced its decision to seek court approval for liquidation of Multichain Foundation to recover missing assets. The move comes as a response to the July exploit incident that resulted in the disappearance of crucial funds. The decision indicates Fantom's commitment to resolving the asset recovery process and holding those responsible accountable.

LivaRava Finance Meta Image — Fantom Foundation's Decision to Liquidate Multichain Foundation for Asset Recovery

The Details

Fantom Foundation's recent announcement signifies a significant step towards recovering missing assets.

Action Plan

Legal Proceedings: The foundation is set to petition the court for the liquidation of Multichain Foundation.

This decision reflects Fantom's dedication to rectifying the consequences of the July exploit incident.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.