Core Foundation Sues Maple Finance Over Alleged Trade Secret Theft

The Grand Court of the Cayman Islands has granted an injunction against Maple Finance over alleged breaches of its commercial partnership with Core Foundation to develop lstBTC, a liquid staked Bitcoin token launched earlier this year that helped Maple secure over $150 million in client assets. The court ruling prohibits Maple from launching its competing product, syrupBTC, and from dealing in CORE tokens pending arbitration, while finding serious merit in Core’s claims of misuse of confidential informati ...