Cayman court supports Core Foundation's request to issue an injunction against Maple Finance to prevent alleged breaches

ChainCatcher news, the Core Foundation announced that the Grand Court of the Cayman Islands has determined that there are "serious issues to be tried" regarding Maple Finance's suspected breach of confidentiality obligations and exclusive cooperation terms during the joint development of lstBTC.

The Core Foundation stated that since the beginning of the cooperation in early 2025, they have invested significant resources in technology development, marketing, and product subsidies. However, Maple Finance was later accused of using confidential information to develop competing products, violating the 24-month exclusive cooperation agreement between the two parties. Regarding Maple Finance's announcement of asset impairment in the Bitcoin Yield product, the Core Foundation pointed out that it is still unclear why Maple Finance is unable to return lenders' bitcoin, and emphasized that this behavior reflects significant doubts about Maple Finance's business operations.