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Maple Finance denies the allegations made by the CORE Foundation, stating that it is actively pursuing legal action.
PANews November 21 news, Maple Finance responded to the recent public accusations from the CORE Foundation regarding its BTC yield program and syrupBTC product. Maple firmly denies CORE's accusations, stating that they distort the facts. Maple claims that the BTC yield program operates as an independent entity, with assets isolated from the overall business. Due to the fall in the value of CORE tokens, risk control measures have been initiated, with plans to orderly sell CORE tokens to protect the principal of lenders. Although there are hedging mechanisms in place to protect lenders, the inability to sell tokens as planned is affected by the legal actions initiated by CORE. At the same time, it emphasizes that syrupBTC is independently developed and has not used CORE's confidential information.
In terms of law, Maple is actively filing a lawsuit to enforce the hedging agreement signed by CORE, and points out that CORE's allegations have not been confirmed, and the judgments cited by it originate from a

