Court dismisses user lawsuit against Dunamu over martial law outage

A South Korean court has dismissed a damages lawsuit filed by an Upbit user against the exchange's operator, Dunamu, over losses incurred during a system failure amid the country's martial law declaration on Dec. 3, 2024, Digital Asset reported. On Jan. 15, the Daejeon District Court rejected the plaintiff's claim for approximately 130 million won (about $93,000) in damages and compensation. The court ruled that the martial law declaration and the resulting surge in order volume were unforeseeable and found no evidence that Dunamu had breached its management duties.