​Bithumb ordered to pay outage damages to investors by South K | CoinQuest

​Bithumb ordered to pay outage damages to investors by South Korean court.

A ruling from local courts has Bithumb liable to pay just over $200,000 in damages to the 132 investors which filed against the cryptocurrency exchange.

The ongoing saga of the South Korean cryptocurrency exchange Bithumb continues, this time with ruling from local courts.

On Jan. 13 the South Korean Supreme Court finalized its ruling that the exchange must pay damages to investors over a 1.5-hour service outage on Nov. 12, 2017. According to a local news source, the damages are equivalent to $202, 400 - or 251.4 million in the regional currency won.

Initially, a district ruled against the investors, though it was later overturned. The finalized ruling from the Supreme Court ordered damages to be paid ranging from as little as $6 to around $6,400 to the 132 investors involved.