According to the Gate.io News bot, Cointelegraph reported that the Supreme Court of Gibraltar recently made a ruling to lift the freeze on 542 million PLAY tokens. The court determined that the evidence for the previous freeze was insufficient and that the freeze measures had a negative impact on the token's value.
The freeze stems from Ready Games' allegations of illegal takeover of the company and assets against its Gibraltar subsidiary and CEO Christina Macedo. The number of frozen Tokens accounts for nearly two-thirds of the total circulation of PLAY tokens, currently valued at about $2.6 million.
Data shows that since its launch in December 2023, the price of PLAY Token has dropped by over 97%.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The Gibraltar court lifted the freezing order on 542 million PLAY Tokens.
According to the Gate.io News bot, Cointelegraph reported that the Supreme Court of Gibraltar recently made a ruling to lift the freeze on 542 million PLAY tokens. The court determined that the evidence for the previous freeze was insufficient and that the freeze measures had a negative impact on the token's value.
The freeze stems from Ready Games' allegations of illegal takeover of the company and assets against its Gibraltar subsidiary and CEO Christina Macedo. The number of frozen Tokens accounts for nearly two-thirds of the total circulation of PLAY tokens, currently valued at about $2.6 million.
Data shows that since its launch in December 2023, the price of PLAY Token has dropped by over 97%.