Coinone won a call to force five customers to return Bitcoin
They managed to withdraw from the exchange of South Korean cryptography on a problem in 2018.
According to local media, the second civil division of the Seoul District Court said that the traders had benefited from an “unanswered enrichment” because the scholarship had already made the first chain withdrawal before its server restored their sales.
The mixture started when the Coinone software reported slow confirmations of the Bitcoin network as failed transactions, and automatically completed user accounts even after the withdrawals were treated correctly. The merchants then removed the same parts again.
The Bitcoin network experienced significant congestion at that time when the transaction volumes soar, in the culmination of a debate on the scale which had led to the conduct to the Bitcoin Cash
fork A year earlier.
At the time, average transaction costs on the Bitcoin network reached a record of $ 55, while the memory pool, a sort of “waiting room for transactions”, increased to 250,000 unconfirmed transactions.
A lower court initially blamed the own Coinone servers and ordered the payment of partial damages. On appeal, the judges qualified the network to delay an external event, said that the platform did not need to support the loss and told users to reimburse the funds.
Coinone was faced with controversy in the past. In a separate trial in 2023, former employees admitted to having received up to 2 billion won (approximately 1.46 million dollars) To list the tokens.
