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)
-
New Defense Minister Lee takes office, warns of 'stern' response to possible N.K. provocations
-
(LEAD) Yoon taps ex-deputy NSA for spy chief
-
Gov't to significantly increase international flights to meet travel demand
-
BTS to be absent from Billboard Music Awards: sources
-
Psy returns to Billboard Hot 100 after 7 years with 'That That'
-
S. Korean Navy SEAL-turned-YouTuber in Ukraine claims to be injured
-
N. Korea asks China for help in fight against COVID-19: source
-
(4th LD) N. Korea reports 15 new deaths amid COVID-19 outbreak
-
Yoon offers unsparing COVID-19 aid to N. Korea
-
(LEAD) N. K. leader issues special order on medicine supply against epidemic: state media