A South Korean court acquitted Bithumb exchange in a user’s hacking case, Coindesk reports. Ahn Park, the hacked Bithumb user, lost approximately $355,000 and sued Bithumb’s parent firm, BTCKorea.com, in a civil case in an attempt to get his money back.
Park lost 400 million Korean won ($355,000) due to a hacking incident which saw his Bithumb funds exchanged to ethereum and then transferred out of his wallet. Park claimed since Bithumb’s services are similar to the financial sector’s, the exchange should provide a similarly “high degree of security measures” as that of other financial institutions. Moreover, Park also pointed to Bithumb’s April 2017 personal information breach as a possible leak of his sensitive personal data.