Investor Sues Korean Crypto Exchange for Delaying Coin Transfer Before Luna Crash

Bitcoin.com | Sep 8, 2022 at 7:30 AM
  • A cryptocurrency investor has reportedly sued South Korean crypto exchange Upbit after the trading platform delayed processing his luna coin transfer prior to its crash.
  • The investor alleged that Upbit delayed processing his coin transfer off the exchange prior to the coin crashing, resulting in a monetary loss of 156 million won ($112,477).
  • Upbit’s terms of service state that the company is not responsible for any losses incurred by investors as a result of the exchange adhering to regulations.