In a significant development, the Grand Cayman Island High Court has issued an injunction against Maple Finance, following a lawsuit filed by the Core Foundation. The ruling stems from alleged breaches in the collaboration agreement between the two entities regarding their joint project, lstBTC. Notably, Maple is prohibited from launching its new product, syrupBTC, and conducting transactions involving CORE coin without explicit consent from the Core Foundation. The injunction comes after a dispute erupted this year over the handling of confidential information shared during the development of the lstBTC venture. 24-month exclusivity clause was allegedly violated by Maple in their subsequent development of a competing project. The court determined that damages would not suffice and mandated the restrictions on Maple’s actions. 500 million dollars in assets managed by Maple also became subject to scrutiny following Core’s allegations regarding misappropriation of information. The court ruling clarified the need for independent custody arrangements for Bitcoin asset management, sparking further questioning around Maple’s claimed losses within their Bitcoin Yield program. Despite acknowledging that the legal action was necessary to protect its ecosystem and investors, Core Foundation intends to continue developing similar products through new partnerships moving forward. Meanwhile, Maple Finance stated that the dispute primarily concerns the BTC Yield pilot program conducted exclusively with the Core Foundation, while asserting that their operations remain unaffected by this legal challenge. Maple also accused Core of acting against lender interests and vowed to pursue all available legal avenues, further fueling the ongoing conflict. CryptoAppsy data reveals a 4.76% drop in SYRUP coin’s value over the past 24 hours, trading at $0.3639, while CORE coin registered a 0.19% increase, closing at $0.1677 within the same timeframe.