Home BlockchainBithumbs Bitcoin Blunder Puts Burden on Users as Legal Case Favors Civil Recovery

Bithumbs Bitcoin Blunder Puts Burden on Users as Legal Case Favors Civil Recovery

by Decrypt
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Bithumb’s Bitcoin Blunder Puts Burden on Users as Legal Case Favors Civil Recovery

In brief

  • Lawyers say unjust-enrichment law favours Bithumb, but outcomes may hinge on whether users knew, or should have known, the payouts were a mistake.
  • Prosecutors are expected to tread carefully, as the incident stemmed from an internal error rather than hacking or fraud.
  • The episode is intensifying scrutiny of Korean crypto exchanges’ internal controls, with regulators signaling tighter ownership and oversight rules ahead.

Just days after mistakenly crediting users with billions of dollars worth…

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