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The court refused to satisfy the client's claim against the Bithumb exchange for $ 400,000 The South Korean cryptocurrency exchange Bithumb was exempted from the claims of an investor claiming that it lost $ 401,000 due to a data breach in 2017.

The court refused to satisfy the client's claim against the Bithumb exchange for $ 400,000.

The court refused to satisfy the client's claim against the Bithumb exchange for $ 400,000

South Korean cryptocurrency exchange Bithumb has been exempted from claims by an investor claiming it lost $ 401,000 due to a data breach in 2017.

According to local Yonhap, the High Court ruled that the plaintiff was unable to prove that his data had been compromised during the incident. Accordingly, the exchange is not obliged to pay him for lost assets..

The plaintiff claims that he kept the money in fiat won on the exchange, and the data breach contributed to the hacking of his account. The attackers allegedly used the embezzled funds to buy Ethereum and then withdrawn the cryptocurrency to fiat in four separate transactions..

Earlier, several users tried to bring Bithumb to justice based on a data breach in 2017. On September 3, the judge dismissed two claims for $ 126,000 and $ 38,000 and partially satisfied the third, ordering Bithumb to pay the victim $ 5,000.

Police have visited Bithumb's office three times in the past month in a different case involving allegations of fraud with its own BXA token..

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