Overview
- The injunction bars Maple from launching or promoting syrupBTC, using Core’s confidential information, or transacting in CORE tokens without written consent pending arbitration.
- Justice Jalil Asif KC said there is a serious issue to be tried and cited the risk that Maple could gain an irreversible advantage by releasing a competing product.
- Core alleges Maple breached a 24‑month exclusivity clause and misused work from their lstBTC collaboration that helped attract more than $150 million in bitcoin.
- Core says Maple notified lenders of impairments affecting millions of dollars in bitcoin in the Bitcoin Yield product, raising questions about asset segregation with custodians.
- Maple denies wrongdoing, calls the dispute limited, and says it will pursue available remedies as Core issues termination notices and the case moves to arbitration.