South Korean crypto exchanges Upbit and Bithumb have decided to compensate investors in the amount of about 3.50 billion won ($2.40 million) for losses caused by the network outage on December 3, the day South Korea declared martial law.
Upbit will pay 3.10 billion won (approx. $2.20 million) for 596 incidents of system failure, while Bithumb will pay 377.50 million won (approx. $264,000) for 124 incidents. Other exchanges have no relevant cases. This incident is the largest number of affected users and the largest compensation amount in the history of system failure of a South Korean cryptocurrency exchange.
Upbit and Bithumb will compensate users $2.40 million for network outages during martial law in South Korea
2025-01-22 00:48:36
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