The High Court of Singapore has approved Sonic Labs (formerly known as Fantom Foundation)'s request to liquidate the Multichain Foundation to recover losses from the $210 million hacking attack on Multichain in July 2023. Sonic Labs' losses account for approximately one-third of the total losses. On May 9th, the court ruled that KPMG Singapore would serve as the liquidator. Sonic Labs CEO Michael Kong stated that due to