PLAY Community, an onchain gaming infrastructure platform, claimed it has received a “decisive triple victory” in Gibraltar’s courts, closing a six-month authorized battle with Prepared Makers Inc.
Prepared Makers Inc. representatives David S. Bennahum, Scott Rupp, and Davidi Gilo had sued to cease the issuance of Prepared Gibraltar’s PLAY’s tokens and associated property.
In April, the Supreme Court docket of Gibraltar overturned a worldwide freeze on 542 million $PLAY tokens, discovering their declare had “no real prospect of success” and calling it “oppressive.” Later that month, the courtroom ordered the claimants to pay roughly $550,000 in indemnity prices to Play Community for deceptive the courtroom, together with a right away interim fee of roughly $300,000.
In June third´s written judgement, the Court docket of Enchantment for Gibraltar upheld the findings, ruling that the February 4 freeze was a “miscarriage of justice” and that “the claimants have no real prospect of success” to problem the freeze reversal.
Bennahum, in a press release, mentioned, “Litigation between Ready Makers Inc. and Ms. Macedo in Gibraltar remains very much ongoing. While the Court of Appeal recently lifted the temporary freeze of the tokens and we were ordered to pay costs related to those preliminary hearings, these are procedural matters that do not determine the underlying dispute. The core claim—seeking a declaration that Ready Makers Inc. is the beneficial owner of Ready Maker (Gibraltar) Ltd.—is still before the court. We therefore disagree with any suggestion that Ms. Macedo has ‘prevailed’ on the substantive issues and remain confident in our position. As the proceedings are active, we will not comment further at this time.”
The judgement famous that the claimants’ “groundless and damaging interlocutory onslaught on the operation of Ready Gibraltar’s business must have raised serious doubts in the relevant business world about its soundness,” in keeping with Play Community. Play Community mentioned the courtroom mentioned that Bitkraft and the trio (Bennahum, Rupp, and Gilo) now “have a good deal to answer for.”
Prepared US’ declare to Prepared Gibraltar was “unsupported by so much as a single piece of paper.” The Court docket of Enchantment dominated “the claimants had and have no arguable claim to a proprietary interest in, or entitlement to, any of the tokens forming part of Ready Gibraltar’s assets.”
The claimants allegedly withheld paperwork “adverse to their case”, hiding that Prepared US was dissolved in 2024 and portraying it as a “thriving company,” Play Community mentioned. And the “wrongly granted” February freeze inflicted “massive, and continuing, damage on the value of the Ready Gibraltar tokens,” leading to “driving the business into the ground,” the courtroom mentioned.
The courtroom famous that the injunctions the trio obtained had been “destined to kill the golden goose.” For Macedo, the episode reveals how seasoned, well-funded male traders tried to dilute the fairness of a feminine founder, Play Community mentioned.
Play characters.
Play Community’s profitable authorized protection was led by London-based lawyer James Ramsden KC (Astraea Group), identified for defending crypto startups. Ramsden was supported by Philippe Kuhn (39 Essex Chambers), Signature Litigation, and Bull Blockchain Regulation.
“This unanimous judgment of the Court of Appeal follows the emphatic judgment of Mr Justice Restano on 5th April 2025. The court has found that any challenge to that judgment has “no reasonable prospect of success” and has confirmed the discharge of the worldwide freezing order and belief preservation order over the $PLAY tokens and shares of Prepared Gibraltar granted on February 4, 2025. Mr Bennahum, Bitkraft, Mr Gilo and his Gibraltar household trusts now all face a considerable declare for damages by Play (Prepared Gibraltar) having undertaken to the courtroom to pay damages within the occasion that it discovered that the freezing and belief preservation orders shouldn’t have been made. That’s precisely what the courtroom has discovered. Prepared Gibraltar will now pursue that declare with the total help of its authorized workforce,” mentioned James Ramsden KC, Astraea Group, in a press release.
“This victory belongs to the PLAY community – it demonstrates the importance of justice and integrity in the crypto and gaming industries. We faced false accusations and destructive tactics designed to undermine and destroy our ecosystem and $PLAY token – but the courts upheld the truth, exposing those who attempted to ruin the $PLAY token through greed. The Courts have now stated three times that PLAY did nothing wrong and that bad-faith litigation has consequences. As a leader in Web3, I am committed to protecting our community from bad actors and ensuring we will continue to pioneer innovative, onchain games – and work towards recouping the damages from this trio,” mentioned Christina Macedo, CEO of Play Community, in a press release.
The Supreme Court docket of Gibraltar will shortly hear PLAY’s software for Bitkraft and the trio to pay roughly $2.8 million in safety for prices along with at the very least $30 million in damages.
