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A Singapore High Court has ordered the liquidation of the Multichain Foundation, appointing KPMG as liquidators. The ruling follows Sonic Labs’ motion to recover funds lost in a 2023 hack.
- Singapore High Court orders Multichain Foundation's liquidation, appointing KPMG as liquidators.
- Sonic Labs filed the motion to recover funds lost in a 2023 hack, citing Multichain's uncooperative stance.
- Multichain's former employees allegedly avoided victims, prompting legal action to force bankruptcy proceedings.
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