South Korean cryptocurrency exchange Bithumb reportedly prevailed in two first-instance lawsuits involving Bitcoin credited to users during an error valued at $40 billion. The cases sought the proceeds from users who sold the mistakenly credited Bitcoin. The rulings represent an initial court outcome in disputes over whether those proceeds could be recovered from the recipients who sold the assets. Cointelegraph reported the decisions, without further details on the judgments or the amounts involved in either case. The legal proceedings relate to Bitcoin (BTC) and Bithumb’s handling of the mistaken credits. As first-instance rulings, the decisions may not mark the end of the cases, although the supplied report does not provide information on any appeals or subsequent action.
