Cryptocurrency exchanges change their terms of service: FTC
SEJONG, June 17 (Yonhap) -- Five cryptocurrency exchanges have changed their terms of service in a way that they can be liable for problems caused by potential cyberattacks or system malfunctions, even if operators are not willfully or grossly negligent, South Korea's antitrust regulator said Monday.
The Fair Trade Commission said Bithumb and four other cryptocurrency exchanges made the changes after receiving the corrective recommendation from the FTC in April last year.
The cryptocurrency exchanges had said in their terms of service that they will not be held accountable for compensation if there is no willful or gross negligence.
In June last year, Bithumb lost 35 billion won (US$31.5 million) worth of cryptocurrencies in a cyberattack.
entropy@yna.co.kr
(END)
-
1 
Employment conundrum looms large in S. Korea with aging population
-
2 
Under heir apparent leadership, Hyundai on road to become future mobility solutions provider
-
3 
While Samsung innovates smartphones, Apple upgrades
-
4 
(News Focus) Hyundai Motor on way to better performance after no-strike wage deal
-
5 
S. Korean tech titans to show off premium TVs, smartphones at IFA
