Ready Games in dispute with subsidiary, Gibraltar court freezes PLAY token worth $7 million

According to Cointelegraph, the Supreme Court of Gibraltar has ordered the freezing of approximately 440 million PLAY tokens (about $7 million), accounting for about half of the total circulation. This stems from a legal dispute between Ready Games, a US Web3 gaming company, and its Gibraltar subsidiary Ready Maker and its CEO Christina Macedo. Ready Games founder David Bennahum claimed that the subsidiary violated the trust agreement by claiming ownership of the company and PLAY token without authorization.