On November 25th, according to The Defiant, a Cayman Islands court issued an injunction this week to prevent Maple Finance from launching a revenue-based bitcoin product, syrupBTC, highlighting the gap between DeFi products and traditional legal frameworks. The Core Foundation accused Maple of violating an exclusivity contract by using information obtained when the two parties worked together to develop IstBTC to create a competing product, syrupBTC.
Maple, which manages over $3 billion in assets, denies wrongdoing, calling syrupBTC an independent development and will return 85% of the principal to BTC Yield lenders, with the remaining 15% to be released upon resolution of legal proceedings.
Experts point out that this case shows that even decentralized blockchain products still need to abide by real-world contracts and laws. Block Street CEO Hedy Wang said: Off-chain contracts are still important, and DeFi is not an extrajudicial place. Axelar legal counsel Jason Rozovsky stressed that assets need to be stored in bankruptcy isolation to protect users' rights and interests.
Core accused Maple of using cooperation information to push competing products, and the court issued an injunction to stop syrupBTC.
2025-11-25 01:29:43
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Core 指控 Maple 用合作信息推竞品，法院发禁令叫停 syrupBTC
