Coinone won an appeal to force five of the clients to return Bitcoin
They managed to retire twice from the cryptographic exchange of South Korea for a failure in 2018.
According to local media, the Second Civil Division of the Western District Court of Seoul said the merchants benefited from the “unfair enrichment” because the exchange had already completed the first retirement in the chain before its server restored their balances.
The confusion began when the Coinone software marked slow confirmations of the Bitcoin Network as failed transactions, and automatically exceeded user accounts even after retreats were processed correctly. The merchants then removed the same coins again.
The Bitcoin network experienced a significant congestion at that time as the transaction volumes shot, in the culmination of a year debate of years that had led to the Bitcoin in cash
hard fork A year earlier.
At that time, the average transaction rate on the Bitcoin network reached a $ 55 record, while the memory group, a kind of “waiting room for transactions”, grew to 250,000 unfirmed transactions.
Initially, a lower court blamed Coinone’s own servers and ordered the payment of only partial damage. In the appeal, the judges described the network delay an external event, said the platform does not need to assume the loss and told users to pay the funds.
Coinone has faced controversy in the past. In a separate trial in 2023, the former employees admitted to having received up to 2 billion profits (about $ 1.46 million) To list tokens.
