Regulation· ★★· neutral·

CP Labs loses Coinplug asset-return case against South Korea's FSC

  • —CP Labs operated Coinplug, a South Korean exchange shut down in 2020
  • —Seoul court dismissed the company's suit against regulator FSC
  • —Order to return frozen customer assets remains in force
Why it matters: The ruling reinforces the FSC's power to force operators to return client assets even after an exchange shuts down.
#BTC
Source: Coinotag
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