Gibraltar court ends two-month freeze on 542 million PLAY tokens amid legal dispute
Supreme Court of Gibraltar recently lifted the freeze order on 542 million PLAY tokens, which are involved in a legal dispute between two affiliated companies of the Web3 gaming platform PLAY Network. Judge John Restano ruled on April 17 that continuing the freeze could harm the token's value, and the plaintiff's evidence was insufficient. These tokens account for about two-thirds of the circulating supply, currently worth about $2.6 million, but have plummeted by 97% since 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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