A South Korean court has ruled in favor of the Bithumb exchange after a user was hacked for around $355,000 and moved to sue the firm over the loss.

A South Korean court has ruled in favor of the Bithumb exchange after a user was hacked for around $355,000 and moved to sue the firm over the loss. The customer who brought the lawsuit against the exchange was 30-year-old Ahn Park, who alleged his Bithumb account was hacked on November 30, 2017.

In an attempt to reclaim his funds, Park took Bithumb’s parent firm, BTCKorea.com, to a civil court in the Korean capital Seoul, stating: “Considering that Bithumb offers similar services to the financial sector, it requires a high degree of security measures required by financial institutions.”

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BTCKorea.Com