Ready Makers wins Gibraltar court order freezing 450M $PLAY tokens, safeguarding crypto assets amid legal dispute over ownership.
In a significant legal development in the crypto industry, Ready Makers Inc. has secured another victory. On February 4, 2025 the Supreme Court of Gibraltar sanctioned a freezing order to protect more than 450 million $PLAY tokens. The frozen token supplies total of approximately 46% of its full circulation. The court-appointed custodian received 439 million digital assets as per its directive which was enacted on February 11, 2025.
As the main subject of the court order Ready Maker (Gibraltar) Limited operates under the trade name PLAY Network. Ready Games has 150.4 million tokens along with 300 million operationally used tokens under this freezing order which Gibraltar issued. The court system issued this ruling after the January 3, 2025 Court of Chancery temporary restraining order commanded Ready Gibraltar to give Ready Games back their technology infrastructure access.
The legal dispute focuses on Ready Maker (Gibraltar) Limited after Ready US created the firm in 2022 to introduce the $PLAY token. The lawsuit targets former COO Christina Macedo for trust violation by appropriating company assets and declaring ownership of both the company and its properties.
Gibraltar Court Steps In to Protect Ready Games’ Ecosystem Integrity
David S. Bennahum the founder of Ready Games labeled the court decision essential for maintaining proper management of the $PLAY token ecosystem. Protecting token holder interests and the intended ecosystem function are the main reasons behind this crucial step.
BITKRAFT Ventures Founding General Partner Scott Rupp shared his agreement with this statement. According to him the court’s involvement evidences the significance of these claims. Protecting intellectual property emerged as a key aspect according to him. The Web3 gaming and crypto industry requires this type of action to be an essential component.
BITKRAFT Ventures and Strauss Zelnick together with Comcast Ventures and Jason Calacanis provided $8.5 million to Ready Games to expand its operations. Through acquired funding the developers integrated blockchain technology together with crypto elements into their gaming products. The Gibraltar court through its order prohibits both company relocation and token movement. This provides extra protection for the company’s digital assets.
