"Bithumb has filed for a provisional seizure to freeze accounts holding roughly 7 BTC, valued near $500,000, signaling that formal litigation may follow."
"The incident traces back to Feb. 6, when Bithumb intended to distribute 620,000 Korean won in rewards but mistakenly credited accounts with 620,000 bitcoin."
"While many recipients returned the funds after being contacted, others have declined, arguing that the error originated with the company and does not require repayment."
"Legal experts in South Korea have described the case as one of unjust enrichment, which requires recipients of mistaken transfers to return the assets."
Bithumb has initiated legal proceedings to recover approximately 7 BTC mistakenly credited to users during a February promotional event. The error occurred when a staff member incorrectly entered 'BTC' instead of 'KRW', leading to a temporary inflation of bitcoin balances. While most users returned the funds, some have refused, claiming the error was the company's fault. Legal experts suggest the case may involve unjust enrichment, potentially requiring users who sold the bitcoin to repurchase it if the case goes to court.
Read at Bitcoin Magazine
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