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 CORE Foundation's recent public accusations 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 management measures have been initiated, with plans to orderly sell CORE tokens to preserve lenders' principal. Although there are hedging mechanisms in place to protect lenders, the legal actions initiated by CORE have prevented the planned sale of tokens. It also emphasizes that syrupBTC is independently developed and does not use CORE's confidential information. In terms of legal aspects, Maple is actively filing a lawsuit to enforce the hedging agreement signed by CORE, and points out that the allegations made by CORE have not been substantiated, as the judgments cited stem from a temporary application that Maple was not notified of. In addition, Maple will return 85% of the principal to the BTC yield plan lenders, with the remaining amount to be distributed after legal resolution, and the plan is isolated from other products, ensuring it does not affect other businesses. Updates on the progress will follow. According to previous news, the Cayman Court supported the Core Foundation's request to issue an injunction against Maple Finance to stop the alleged default behavior.