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Author Topic: [2017-12-29] Singapore Judge Dismisses $43M High Profile Bitcoin Case  (Read 18 times)
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December 29, 2017, 10:39:24 PM

Recently Singapore had its first high profile legal case involving over 3,000 BTC in a dispute between the UK-based company B2C2 and the local cryptocurrency exchange Quoine. According to the Singapore Commercial Court documents, Judge Simon Thorley has dismissed the plaintiff B2C2’s case for US $43Mn worth of bitcoins.

Just recently we reported on the electronic market maker B2C2 suing the trading platform Quoine for reversing trades. B2C2 says that the Singapore exchange breached the firm’s opportunity to sell the digital assets to financial institutions who trust the company will have “seamless trading settlement” at all times. On April 19 B2C2 tried to sell ethereum (ETH) for bitcoins, but according to them, Quoine had a “technical glitch.” Allegedly the trading platform’s “ETH/BTC quoter” software stopped functioning, and the crypto-liquidity provider was shut out of the deal.

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