South Korea

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 […]

South Korea

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 […]