👨⚖️ Court rules Quoine exchange liable for reversing Bitcoin trades worth millions
The Singapore International Commercial Court ruled against crypto exchange Quonine, now named Liquid, over an April 2017 reverse trade dispute with crypto market maker B2C2. Quonine reversed a trade amounting to 3,092 Bitcoin ($BTC) after noting an abnormality in the exchange rate between Bitcoin and Ethereum ($ETH). Damages will be assessed at a later hearing.
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