News/Bithumb Ordered to Pay Outage Damages to Investors by South Korean Court

Bithumb Ordered to Pay Outage Damages to Investors by South Korean Court

Jan 16,2023,18:49

The South Korean Supreme Court has finally ruled that Bithumb must pay damages to investors for the 1.5-hour outage on Nov. 12, 2017. "The cost of the technical failure should be borne by the service operator and not by the users who paid commissions for the service."

The compensation is said to be about $202,400. 132 investors will receive between $6 and $6,400 each.

Previously, Bithumb had shut down for 1.5 hours on Nov. 12, 2017, due to a sudden doubling of orders and a bottleneck in transaction traffic.

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