According to Digital Asset, the Seoul South District Court in South Korea has ruled that Cross Finance needs to pay $234000 in compensation to Coinone. Coinone will subscribe to Cross Finance related investment products from November 2023, with an investment scale ranging from 725000 to 2.9 million US dollars. The product experienced a repayment delay on August 5, 2024, and Cross Finance's default is related to the $50.75 million fraud case involving Lumen Payments. Coinone has requested the revocation of the contract on the grounds of fraud or significant misunderstanding, and has filed a lawsuit for the return of $652500 in unjust enrichment.
