Ready Makers Inc., a US-based Web3 gaming firm, has successfully obtained a court order from the Supreme Court of Gibraltar to freeze $7 million worth of its cryptocurrency, the PLAY tokens, in a dispute with its local subsidiary, Ready Maker (Gibraltar) Limited. The legal conflict involves allegations against CEO Christina Macedo, who is accused of asserting control over the subsidiary and its assets, particularly the PLAY token used as rewards on its gaming platform. Nearly 440 million PLAY tokens, which account for nearly half of the total supply, have been transferred to a court-appointed custodian. The order furthermore prohibits any attempts to redomicile the Gibraltar firm or its tokens, ensuring that over 300 million tokens held by PLAY Network are involved in the freezing order. Ready Games, the parent company, claims that Macedo breached trust arrangements and unlawfully claimed ownership of the technology and funds that developed the PLAY token, which was intended to serve as a launch vehicle for the project. The issues raised reflect serious concerns regarding control and ownership within the rapidly evolving crypto gaming sector.

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