Bithumb Wins Lawsuits Over Mistaken Bitcoin Credits

South Korean cryptocurrency exchange Bithumb has won two lawsuits against users who sold Bitcoin it mistakenly credited to their accounts. The Seoul Central District Court ruled in favor of Bithumb on Wednesday and Thursday, allowing the company to recover proceeds from the mistaken credits.

The first lawsuit concerned a claim for 194 million won ($140,000), while the second covered a claim for 5 million won ($3,600). Two other lawsuits seeking about 14.8 million won ($10,700) and 500 million won ($362,000) remain pending.

The mistaken credits were part of a $40 billion error made by Bithumb in the past.