Most Popular
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[AtoZ into Korean mind] Humor in Korea: Navigating the line between what's funny and not
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Yoon seeks rebound, taps 5-term lawmaker as chief of staff
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Medical standoff deepens as doctors reject new med school plan, talks
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[Herald Interview] Why Toss invited hackers to penetrate its system
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[Graphic News] 77% of young Koreans still financially dependent
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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S. Korean envoys convene to navigate strategy amid Middle East tensions
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North Korea fires several short-range ballistic missiles into sea: JCS
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Samsung, SK hynix investors dump shares on Nvidia crash
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Suspect in murder of girlfriend's mugshot, name made public
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Cryptocurrency exchanges change their terms of service: FTC
By YonhapPublished : June 17, 2019 - 14:25
Five cryptocurrency exchanges have changed their terms of service in a way that they can be liable for problems caused by potential cyberattacks or system malfunctions, even if operators are not willfully or grossly negligent, South Korea's antitrust regulator said Monday.
The Fair Trade Commission said Bithumb and four other cryptocurrency exchanges made the changes after receiving the corrective recommendation from the FTC in April last year.
The cryptocurrency exchanges had said in their terms of service that they will not be held accountable for compensation if there is no willful or gross negligence.
In June last year, Bithumb lost 35 billion won ($31.5 million) worth of cryptocurrencies in a cyberattack. (Yonhap)
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