Core Foundation says Maple breached a 24-month exclusivity clause from their lstBTC partnership and misused confidential information to develop a competing product, syrupBTC. The Grand Court of the Cayman Islands granted an injunction preventing Maple from launching or promoting syrupBTC, using Core’s confidential information, or dealing in CORE tokens while proceedings continue. Core also questions Maple’s right to declare an impairment on millions of dollars of Bitcoin held for lenders in Maple’s Bitcoin Yield product. Maple denies the allegations, calling the dispute limited to the pilot program. Separately, Maple changed SYRUP tokenomics, ending staking rewards and shifting to a revenue-based buyback/strategic fund model.

The court injunction prohibits Maple from launching or promoting syrupBTC, using Core’s confidential information, or dealing in CORE tokens, and Core alleges breach of a 24‑month exclusivity clause; these are concrete legal restraints on Maple’s product and token activity. Core also questions Maple’s impairment claim on millions in Bitcoin — a potential balance-sheet concern. Maple denies the allegations and has changed SYRUP tokenomics (ending staking rewards and moving to buybacks), indicating direct token-level effects. These facts support a negative sentiment for Maple/SYRUP and a moderate market-impact rating for short-term traders.