A Singapore court rules in a case alleging that Curve contributors harassed others; two defendants must pay about 2,500 Singapore dollars in compensation

CRV4,18%
CRVUSD-0,2%

Gate News message. On March 30, according to DL News, Singapore’s harassment protection court issued a ruling on March 24 in the case involving Curve Finance contributor Haowi Wong. The court ordered OneKey wallet founder Wang Lei (online name Yishi) and an anonymous account on the X platform to stop publishing threatening or insulting statements about Wong and to prohibit them from posting content accusing Wong of fraud or spreading false information. The two defendants must jointly pay approximately 2,500 Singapore dollars (about $1,900) in compensation and legal fees by April 7.

The case traces back to the vulnerability attack on the 2025 June stablecoin lending protocol Resupply, which resulted in user losses of about $9.3 million. Because Resupply allows users to deposit crvUSD into the Curve treasury to earn yield, some people believe the protocol is connected to Curve and accused Curve of having direct responsibility for the attack in social platforms and private groups, while also making personal allegations against Wong. Curve founder Michael Egorov previously denied Curve’s official involvement in the Resupply project and said Curve Finance did not formally intervene in this lawsuit. Both defendants failed to appear in court.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Hong Kong SFC Investment Committee Warns Prediction Market Trading May Constitute Illegal Gambling

The Hong Kong SFC warns that prediction markets are speculative and not investment products, lacking regulatory protection. They involve gambling elements, potentially making them illegal. The committee urges the public to differentiate between investment and gambling.

GateNews1h ago

Elizabeth Warren Accuses SEC Chair Paul Atkins of Misleading Congress Over Enforcement Decline

Senator Elizabeth Warren accused SEC Chair Paul Atkins of misleading Congress about enforcement actions' decline. With only 456 new cases in 2025, concerns arise regarding the SEC's effectiveness and the regulatory landscape for cryptocurrency and market oversight.

GateNews4h ago

Sanctioned Exchange Grinex Hit by $13.7M Hack; Blames Foreign Intelligence Services

Grinex, a sanctioned crypto-ruble exchange, has halted operations due to a cyberattack that stole over $13.74 million in USDT. The attack is believed to involve state-level actors aiming to destabilize Russia's financial system. Grinex is cooperating with law enforcement but has no timeline for resuming services.

Coinpedia5h ago

Democratic Senators Question Lax AML Oversight of Major CEX Over $1.7B Iran-Linked Crypto Flows

Democratic senators are scrutinizing the Trump administration's oversight of a cryptocurrency exchange linked to $1.7 billion in Iranian transactions, questioning its AML controls and a lenient bank settlement on sanctions evasion.

GateNews10h ago

Figure Faces Short Seller Accusations Over Blockchain Integration Claims; FIGR Stock Down 53% From January Peak

Figure Technology Solutions faced allegations from Morpheus Research of overstating its blockchain technology use, resulting in a significant drop in share prices. Figure defended its operations, highlighting its digital asset features and strong performance metrics.

GateNews12h ago

Houston Crypto Fraudster Sentenced to 23 Years for $20M Meta-1 Coin Scam

Robert Dunlap, a Houston entrepreneur, was sentenced to 23 years in prison for a $20 million cryptocurrency fraud involving fake assets and deceptive practices, impacting over 1,000 victims. His case reflects a broader rise in crypto-related cybercrimes.

GateNews17h ago
Comment
0/400
No comments