A ruling cited by Digital Asset says Cross Finance Korea must return KRW 360 million to Coinone in a dispute tied to KRW 900 million the exchange invested in the lender’s products.
A South Korean court ruled that P2P lender Cross Finance Korea must pay Coinone KRW 360 million, or about $260,000, in a dispute over investment products the crypto exchange bought from November 2023 to early August 2024. The case arose from Coinone's lawsuit seeking the return of KRW 900 million in alleged unjust enrichment. The update adds a more specific damages figure and frames the dispute as a claim tied to unjust enrichment, while the earlier record said the products first delayed repayment on August 5, 2024 and led to a damages ruling.