Fantom Foundation, a blockchain platform for decentralized finance, announced Monday in a blog post that it plans to petition the court to liquidate Multichain Foundation to recover missing assets.

Fantom said in the blog post that the amount its ecosystem lost accounts for around one-third of the $210 million exploited off of the cross-chain protocol Multichain bridge last July.

In January, the High Court of Singapore made a default judgment in favor of Fantom on its legal action against Multichain for alleged breach of contract and fraudulent misrepresentations, according to the post.

With this legal victory, the Singaporean court is expected to appoint a liquidator to assess Fantom’s damages resulting from Multichain’s security breach and help recover and distribute the missing or …