The Cayman Court supports the Core Foundation's request to issue an injunction against Maple Finance to stop the alleged default.

PANews, November 20 news, the Core Foundation announced that the Grand Court of the Cayman Islands determined that Maple Finance was suspected of violating confidentiality obligations and exclusive cooperation terms in the process of jointly developing lstBTC, and that there are “serious issues that need to be heard.” The Core Foundation stated that since the start of their cooperation in early 2025, they have invested a significant amount of resources in technology development, market promotion, and product subsidies. However, Maple Finance has been accused of using related confidential information to develop competing products, violating the 24-month exclusive cooperation agreement between the two parties. In response to Maple Finance's announcement of the need to impair assets in the Bitcoin Yield product, the Core Foundation pointed out that it is still unclear why Maple Finance is unable to return the Bitcoin to lenders, and emphasized that its actions reflect significant doubts about Maple Finance's business operations.