Maple Finance Refutes Core Foundation's Claims in Ongoing Legal Battle

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

SYRUP+2.43%

DEFI-1.54%

Source: Coinmarketcap

Updated: Nov 22 2025

Dispute Overview: Maple Finance disputes Core Foundation's claims regarding the syrupBTC project, asserting independent management and denying any wrongdoing.
Legal Proceedings: A Cayman Islands court issued an injunction halting Maple's syrupBTC launch, leading to significant capital outflows and raising concerns about asset management and exclusivity.
Market Impact: Following the injunction, Maple experienced a $107 million decline in total value locked (TVL), indicating reduced confidence among stakeholders and affecting the market sentiment towards its SYRUP token.
Precedent Setting: The ongoing legal battle highlights potential judicial intervention in DeFi, particularly regarding enforceable exclusivity and intellectual property agreements, which could impact institutional trust in custodial yield products.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Maple Finance Refutes Core Foundation's Claims in Ongoing Legal Battle

About the author

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