South Korea’s supreme court has upheld the ruling for Bithumb, the country’s largest cryptocurrency exchange, to pay damages to more than a hundred customers who filed a lawsuit claiming they suffered financial losses resulting from the exchange’s service outage.The South Korean supreme court has issued a final ruling in a case involving a service outage at Bithumb, the country’s largest cryptocurrency exchange, Yonhap reported.
The court has ordered Bithumb to pay damages totaling 251.4 million won to 132 investors who filed a lawsuit against the crypto exchange operator following the service outage, officials said Friday. The plaintiffs claimed that they suffered financial losses due to steep price drops in a number of cryptocurrencies, such as bitcoin cash (
An interesting development for the crypto industry. Looks like accountability is on the rise.
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