Gibraltar court ends two-month freeze on 542 million PLAY tokens in legal dispute

The Supreme Court of Gibraltar recently lifted a freeze on 542 million PLAY tokens in a legal dispute involving two affiliates of the Web3 gaming platform PLAY Network. In his ruling on April 17, Judge John Restano found that continued freezing could harm the value of the tokens and that the plaintiffs had insufficient evidence. The tokens, which account for about two-thirds of the circulation, are currently worth about $2.60 million, but have plummeted 97% since listing in December.