Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Policy
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Core Foundation Wins Injunction Aga
Policy
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Core Foundation Wins Injunction Aga
Core Foundation Wins Injunction Against Maple Finance on Alleged Confidentiality Breach
5 min read
Core Foundation Wins Injunction Against Maple Finance on Alleged Confidentiality Breach
The Grand Court of the Cayman Islands granted the injunction against Maple Finance completing its own liquid staking token syrupBTC.
By Jamie Crawley|Edited by Sheldon Reback
Nov 20, 2025, 3:47 p.m.
Maple Finance's CEO and co-founder Sid Powell (Danny Nelson, modified by CoinDesk)
What to know:
- Core Foundation won an injunction against Maple Finance over alleged breaches of confidentiality related to their partnership in bringing the lstBTC token to market.
- The Grand Court of the Cayman Islands granted the injunction against Maple Finance completing its own liquid-staking token or from dealing in CORE tokens pending arbitration.
- The foundation alleged that Maple breached exclusivity obligations and misappropriated Core's intellectual property and confidential information to develop their own product while amassing $150 million in client assets through their lstBTC partnership.
- Maple denied the allegations of wrongdoing.
Core Foundation, the creator of the yield-bearing lstBTC token, won an injunction against Maple Finance over alleged breaches of confidentiality related to their partnership in bringing the token to market.
The Grand Court of the Cayman Islands granted the injunction against Maple Finance completing its own liquid-staking token, syrupBTC, or from dealing in CORE tokens pending arbitration proceedings, Core Foundation announced on Wednesday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the State of Crypto Newsletter today. See all newsletters
Sign me up
Judge Jalil Asif said there is evidence supporting Core's claims that Maple were informed their actions "would have the effect of causing very significant commercial damage," to Core, according to a court document dated Oct. 30.
Core Foundation and Maple teamed up early this year to develop the token, which enables holders to earn yield on their bitcoin BTC$92,123.27 holdings while their BTC is secured by custodians like BitGo, Copper and Hex Trust.
The foundation claimed Maple breached its exclusivity obligations and misappropriated Core's intellectual property and confidential information to develop their own product while amassing $150 million in client assets through the lstBTC partnership.
Core also accused Maple of creating risk to lenders by declaring "impairments to the value of millions of dollars" of BTC deposits.
"It is unclear why Maple maintains that they are unable to return the bitcoin to their lenders at this time, or if they have the right to impair them," Core said in the announcement.
Maple described Core's actions as "directly against lender interests," in a post on X.
"Maple denies any allegations of wrongdoing on its part and will be pursuing all available remedies aggressively to ensure Core Foundation is held responsible for the consequences of their actions," the Melbourne, Australia-based credit marketplace said.
Court CasesCayman IslandsMaple financeLiquid staking
More For You
Protocol Research: GoPlus Security
Commissioned byGoPlus
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
View Full Report
More For You
Samourai Wallet Co-Founder Bill Hill Sentenced to 4 Years in Prison for Unlicensed Money Transmitting
The 67-year-old Hill’s recent autism diagnosis, as well as his advanced age, seemed to serve as mitigating factors for the sentencing judge.
What to know:
- William "Bill" Hill, co-founder of Samourai Wallet, was sentenced to four years in prison for his role creating the bitcoin mixing tool.
- Judge Denise Cote cited Hill's autism diagnosis and age as mitigating factors in reducing his sentence from the statutory maximum of 60 months.
Read full story
Latest Crypto News
Ethereum’s Fusaka Upgrade Signals New Era for Value Accrual: Fidelity Digital Assets
What Next For XRP as Bitcoin Loses $90,000 Level Again
Kraken’s IPO Play: Why the Crypto Exchange Is Racing Toward the Public Markets
Crypto for Advisors: Crypto Indices Explained
Solana ETFs Post Second-Biggest November Inflows as Demand Grows During Downturn
Securitize Leverages Plume to Expand Global Real-World Asset Reach
Top Stories
Cipher Mining Inks New 10-Year HPC Deal With Fluidstack; Shares Rise 13%
Ether Treasury Firm FG Nexus Unloads Nearly 11K ETH to Fund Share Buyback
U.S. Added Stronger Than Forecast 119K Jobs in September, but Unemployment Rate Rose to 4.4%
Crypto Markets Today: Bitcoin Holds Steady Amid Wave of Sell Pressure as Altcoins Slide
India's Debt-Backed ARC Token Eyes Tentative Q1 2026 Debut, Sources Say
BlackRock Takes First Step Toward a Staked Ether ETF
Market Opportunity
Core DAO Price(CORE)
$0.08727
$0.08727$0.08727
USD
Core DAO (CORE) Live Price Chart
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 [email protected] 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
The Next “Big Story” in Crypto: Crypto Credit and Borrowing, Says Bitwise CEO
Bitwise CEO has recently predicted a major growth for the crypto borrowing and credit sector, calling it the next “big story.” The post The Next “Big Story” in Crypto: Crypto Credit and Borrowing, Says Bitwise CEO appeared first on Coinspeaker.
Share
Coinspeaker2025/09/18 22:16
SEC New Standards to Simplify Crypto ETF Listings
The post SEC New Standards to Simplify Crypto ETF Listings appeared on BitcoinEthereumNews.com. The United States Securities and Exchange Commission (SEC) approved a new standard for crypto ETF listings on Wednesday. The standard is created to simplify the working of exchanges in terms of the process followed for crypto ETP listings. This makes it possible to to avoid the cumbersome route of case-by-case approval being followed so far. With this change, exchanges can bypass the 19(b) rule filing process. It is a review that can stretch up to 240 days and demands direct SEC approval before an ETF can launch. Instead of going through the tedious and lengthy review process, the SEC has set up a system that allows exchanges to act more quickly. Now, when an ETF issuer presents a product idea to exchanges like Nasdaq, NYSE, or CBOE, the exchange can move ahead as long as the proposal meets the generic listing standard. This means that strategies based on a single token or a basket of tokens can be listed without waiting for individual approval. New Standards Will Ease Crypto ETF Listings: SEC Chairman According to the Chairman of the SEC, Paul Atkins, this move is aimed at making it easier for investors to access digital asset products through regulated U.S. markets. He noted that by approving generic listing standards, the agency is helping U.S. capital markets remain a global leader in digital asset innovation. At the same time, the SEC approved the Grayscale Digital Large Cap Fund, a fund made up of Bitcoin, Ethereum, XRP, Cardano and Solana. Furthermore, the SEC also approved a new type of options linked to the Cboe Bitcoin U.S. ETF Index and its mini version. This step further expands the range of crypto-linked derivatives available in regulated U.S. markets. How Will SEC General Listing Standard Impact Altcoin Crypto ETF Market? The SEC’s updated listing standards could clear…
Share
BitcoinEthereumNews2025/09/18 21:38
Victra Named 2025 Recipient of Verizon’s Best Build Compliance Award
Verizon Recognizes Victra for Industry-Leading Excellence in Store Design and Brand Compliance. RALEIGH, N.C., Feb. 3, 2026 /PRNewswire/ — Verizon has named Victra
Share
AI Journal2026/02/03 20:49