[Cayman Court Approves Core Foundation's Request to Issue Injunction Against Maple Finance]
Core Foundation announced that the Grand Court of the Cayman Islands has supported its request, ruling that Maple Finance allegedly violated confidentiality obligations and exclusive cooperation terms during their joint development of lstBTC, and that there are serious issues requiring adjudication. Core Foundation stated that since the beginning of the partnership in early 2025, it has invested significant resources in technology development, marketing, and product subsidies, while Maple Finance has been accused of using confidential information to develop competing products, breaching the 24-month exclusive cooperation agreement between the two parties. Furthermore, in response to Maple Finance's announcement regarding asset impairment in the Bitcoin Yield product, Core Foundation expressed that it is unclear why Maple Finance is unable to return lenders' Bitcoin and questioned the compliance of its business operations.