Gibraltar Court Ends Two-Month Freeze on 542 Million PLAY Tokens in Legal Dispute
The Gibraltar Supreme Court recently lifted the freeze on 542 million PLAY tokens involved in a legal dispute between two affiliates of the Web3 gaming platform PLAY Network. Judge John Restano ruled on April 17 that continuing the freeze could damage the value of the tokens and that the plaintiff's evidence was insufficient. These tokens make up about two-thirds of the circulating supply and are currently valued at approximately $2.6 million, but have plummeted 97% since their listing in December last year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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