Core Foundation, the creator of the yield-bearing lstBTC token, won an injunction against Maple Finance over alleged breaches of confidentiality related to their partnership in bringing the token to market. The Grand Court of the Cayman Islands granted the injunction against Maple Finance completing its own liquid-staking token, syrupBTC, or from dealing in CORE tokens pending arbitration proceedings, Core Foundation announced on Wednesday. Judge Jalil Asif said there is evidence supporting Core's claims ...

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 ...