South Korean Court Acquits Crypto Exchange Bithumb In Hack Lawsuit

News | December 27, 2018 By:

South Korean cryptocurrency exchange Bithumb has won a lawsuit in which an investor accused the exchange of allowing hackers to steal his cash and crypto holdings.

According to court documents, the investor, Ahn Park, claimed that on Nov. 30 2017, he placed more than 400 million Korean won ($355,000 USD) in his Bithumb account and within hours an unidentified hacker had compromised his account and exchanged the cash for ethereum,