Core accused Maple of using partnership information to promote competitors, and the court issued an injunction to stop syrupBTC.

According to Mars Finance, The Defiant reports that a Cayman Islands court issued an injunction this week, preventing Maple Finance from launching its yield-generating Bitcoin product, syrupBTC, highlighting the gap between DeFi products and traditional legal frameworks. The Core Foundation accused Maple of violating an exclusivity agreement by using information obtained during their collaboration on IstBTC to create a competing product, syrupBTC. Maple, which manages over $3 billion in assets, denied wrongdoing, claiming syrupBTC was independently developed and will return 85% of the principal to BTC Yield lenders, with the remaining 15% to be released after the legal proceedings are resolved. Experts point out that this case shows that even decentralized blockchain products must adhere to real-world contracts and laws. Block Street CEO Hedy Wang stated that off-chain contracts remain important, and DeFi is not above the law. Axelar legal counsel Jason Rozovsky emphasized that assets must be stored in bankruptcy remoteness to protect user rights.