Seoul’s Southern District Court has passed judgment for CoinOne hack victim ordering the South Korean cryptocurrency exchange to compensate. CoinOne is to pay back a hefty amount to the user whose accounts have been hacked. The plaintiff claimed that if the exchange had followed the government set laws; to block all transactions above the amount of twenty million (20,000,000) won per day, the hack could have been prevented and his funds could have been saved from being pilfered. He also asserted that the exchange did not impose rudimentary safety and security rules, such as blocking access to foreign IP addresses
