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Crypto Regulation

Bithumb Wins First Suit, User Must Return $145K in Mistaken BTC

South Korean crypto exchange Bithumb won the first lawsuit in its recovery of mistakenly sent bitcoins, with a court ordering a user to return about 194 million won ($145,000). The incident occurred in February when Bithumb erroneously distributed 620,000 BTC (worth ~$5B), and the exchange has recovered 99% so far. This is the first of four lawsuits against users who haven’t returned funds.

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