As reported by Cryptofrontnews, a Cayman Islands court has issued an injunction against Maple Finance, preventing the launch of its syrupBTC product and the use of CORE tokens, citing potential breaches of a commercial agreement with Core Foundation. The ruling affects Maple’s BTC Yield program, which has secured over $150 million in Bitcoin from lenders. Core Foundation claims Maple violated a 24-month exclusivity clause by developing a competing product, while Maple denies the allegations, asserting that syrupBTC is independent and that the BTC Yield program remains secure.
Cayman Court Blocks Maple Finance from Launching syrupBTC Amid Legal Dispute with Core Foundation
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