PANews reported on November 20 that the Core Foundation announced that the Grand Court of the Cayman Islands has found that Maple Finance violated confidentiality obligations and exclusive cooperation terms in the development of lstBTC, and that "there are serious issues that need to be examined." The Core Foundation stated that since the partnership began in early 2025, they have invested significant resources in technology development, marketing, and product subsidies. However, Maple Finance has subsequently been accused of using confidential information to develop competing products, violating their 24-month exclusive partnership agreement. Regarding Maple Finance's announcement of an impairment charge on assets in its Bitcoin Yield product, the Core Foundation noted that the reason for Maple Finance's inability to return Bitcoin to lenders remains unclear, and emphasized that its actions reflect significant doubts about Maple Finance's business practices.PANews reported on November 20 that the Core Foundation announced that the Grand Court of the Cayman Islands has found that Maple Finance violated confidentiality obligations and exclusive cooperation terms in the development of lstBTC, and that "there are serious issues that need to be examined." The Core Foundation stated that since the partnership began in early 2025, they have invested significant resources in technology development, marketing, and product subsidies. However, Maple Finance has subsequently been accused of using confidential information to develop competing products, violating their 24-month exclusive partnership agreement. Regarding Maple Finance's announcement of an impairment charge on assets in its Bitcoin Yield product, the Core Foundation noted that the reason for Maple Finance's inability to return Bitcoin to lenders remains unclear, and emphasized that its actions reflect significant doubts about Maple Finance's business practices.

The Cayman Islands court granted the Core Foundation's request to issue an injunction against Maple Finance to stop its alleged breach of contract.

2025/11/20 09:35
1 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

PANews reported on November 20 that the Core Foundation announced that the Grand Court of the Cayman Islands has found that Maple Finance violated confidentiality obligations and exclusive cooperation terms in the development of lstBTC, and that "there are serious issues that need to be examined."

The Core Foundation stated that since the partnership began in early 2025, they have invested significant resources in technology development, marketing, and product subsidies. However, Maple Finance has subsequently been accused of using confidential information to develop competing products, violating their 24-month exclusive partnership agreement. Regarding Maple Finance's announcement of an impairment charge on assets in its Bitcoin Yield product, the Core Foundation noted that the reason for Maple Finance's inability to return Bitcoin to lenders remains unclear, and emphasized that its actions reflect significant doubts about Maple Finance's business practices.

Market Opportunity
Core DAO Logo
Core DAO Price(CORE)
$0.02512
$0.02512$0.02512
+0.48%
USD
Core DAO (CORE) Live Price Chart

World Cup Combo: Aim for 200x

World Cup Combo: Aim for 200xWorld Cup Combo: Aim for 200x

Combine up to 20 World Cup matches in one order

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference

Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference

The post Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference appeared on BitcoinEthereumNews.com. Key Takeaways Ethereum’s new roadmap was presented by Vitalik Buterin at the Japan Dev Conference. Short-term priorities include Layer 1 scaling and raising gas limits to enhance transaction throughput. Vitalik Buterin presented Ethereum’s development roadmap at the Japan Dev Conference today, outlining the blockchain platform’s priorities across multiple timeframes. The short-term goals focus on scaling solutions and increasing Layer 1 gas limits to improve transaction capacity. Mid-term objectives target enhanced cross-Layer 2 interoperability and faster network responsiveness to create a more seamless user experience across different scaling solutions. The long-term vision emphasizes building a secure, simple, quantum-resistant, and formally verified minimalist Ethereum network. This approach aims to future-proof the platform against emerging technological threats while maintaining its core functionality. The roadmap presentation comes as Ethereum continues to compete with other blockchain platforms for market share in the smart contract and decentralized application space. Source: https://cryptobriefing.com/ethereum-roadmap-scaling-interoperability-security-japan/
Share
BitcoinEthereumNews2025/09/18 00:25
Plume and FalconX Bring Institutional Lending On-Chain with RWA Credit Product

Plume and FalconX Bring Institutional Lending On-Chain with RWA Credit Product

BitcoinWorld Plume and FalconX Bring Institutional Lending On-Chain with RWA Credit Product Plume, a blockchain platform specializing in regulated real-world assets
Share
bitcoinworld2026/07/01 17:05
Crypto Investor: I Love XRP. I Was Thinking “$1,000, or $100s” Before This New Reality

Crypto Investor: I Love XRP. I Was Thinking “$1,000, or $100s” Before This New Reality

While some XRP investors continue to forecast values in the hundreds or even thousands of dollars, others are adopting more conservative expectations based on market
Share
Timestabloid2026/07/01 17:02