Quoine exchange ruled liable for reversing B2C2’s transactions6

The Singapore International Commercial Court (SICC) has ruled crypto exchange Quoine wrongfully reversed seven transactions in 2017, Business Times reports. According to the ruling of Singapore’s first trial involving bitcoin, the unilateral reversal of B2C2’s trades was a breach of contract and a breach of trust.

The exchange argued that due to technical difficulties it had problems with liquidity and thus the orders made by B2C2. For that reason, it reversed the sales at a rate of 10 bitcoins for one ethereum.

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