Bybit wins case over mistaken transfer, setting precedent for Bithumb

A South Korean court has ordered the return of mistakenly transferred cryptocurrency in a ruling that establishes a key precedent for a similar, recent incident at the Bithumb exchange, The Asia Business Daily reported. The Seoul Northern District Court's 11th Civil Division found a recipient liable for unjust enrichment after she refused to return coins mistakenly sent by Bybit. The original mistaken transfer involved cryptocurrency worth 20.2 billion won. In a partial victory for the plaintiff, the court ordered the defendant, identified as Han, to return 1,739,236 Tether (USDT) that had not been recovered. The lawsuit was filed by Bybit against Han and her husband. This verdict is expected to serve as a legal guidepost for the "Bithumb Bitcoin mispayment incident" on Feb. 6. In that case, winners of a random box event who received erroneous Bitcoin payments sold them for cash or used them to purchase other cryptocurrencies. The legal liability of those users is now in question, and the Bybit case is considered a strong indicator due to the structural similarities between the two incidents.