January 17, 2023

Bithumb ordered to pay damages for service outage

The South Korean cryptocurrency exchange Bithumb has been ordered to pay damages to customers who were affected by a major service outage in 2017. The Seoul Central District Court ruled that the company had failed to maintain its IT systems, leading to a disruption in services for approximately nine hours. Here are a few things […]


January 16, 2023

South Korean court has instructed Bithumb to pay downtime damage

Bithumb, one of the largest cryptocurrency exchanges in South Korea, has been ordered by a local court to pay damages to investors who were affected by a major outage in 2017. The incident, which occurred on June 29th, caused a temporary halt in trading on the platform and resulted in significant financial losses for many […]