Singapore Court Dismisses Dispute Over $43 Million in Bitcoin

Singapore Court Dismisses Dispute Over $43 Million in Bitcoin

The Singapore International Commercial Court ruled today to dismiss a lawsuit where the plaintiff attempted to reclaim 3,092 bitcoin from a cryptocurrency exchange, document shows. The case, first filed in April this year by the U.K.-based market maker B2C2 against the Singapore cryptocurrency exchange Quoine, has become notable due to the large amount of bitcoin involved. The 3,092 bitcoin at stake worth $3.7 million at the time but spiked to $43 million currently, data from CoinDesk’s Bitcoin Price Index shows. According to the court document , the International Judge Simon Thorley ruled in favor of Quoine as he agreed […]