The Core Foundation has secured an injunction against Maple Finance, as the nonprofit alleges that Maple was misusing confidential information to create a competing Bitcoin yield product following a previous collaboration. The pair teamed up earlier this year to develop a Bitcoin yield product called IstBTC. The Core Foundation claims that Maple has used the collaborative work, while still taking the Foundation’s money, to create a “rival product” called syrupBTC. This would be in direct violation of the 24 ...

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 ...