Maple Finance Faces Injunction Over Alleged Breach of Agreement with Core Foundation

Core Foundation has accused Maple Finance of wrongdoing in their partnership over a liquid-staked Bitcoin token, lstBTC. A Cayman Islands court granted an injunction against Maple after finding evidence of misuse of confidential information and a breach of exclusivity clauses. The order prohibits Maple from launching or promoting its competing product, syrupBTC, as well as trading CORE tokens without prior written consent while the dispute proceeds through arbitration. ]