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Details: ht
The Hong Kong court ordered the disclosure of financial information in the MANTRA DAO multimillion-dollar case.
On August 14, the Hong Kong High Court has ordered key figures involved in the MANTRA DAO project to disclose financial records in response to allegations of asset misappropriation and unauthorized control. The plaintiffs claim that the defendants, initially associated with RioDeFi, misappropriated assets and business from MANTRA DAO, thus seizing control without proper authorization. Since January 2021, when the defendants were accused of concealing financial reports, MANTRA DAO's financial operations have largely remained opaque. The court has instructed detailed financial spreadsheets and evidence to be provided to the plaintiff's legal and financial advisors. Mantra is a layer1 blockchain aiming to tokenize real-world assets, with OM being its governance token.