South Korean Court Exonerates Bitcoiner Who Received BTC 200 by Mistake
A bitcoin (BTC) wallet owner who received almost BTC 200 (USD 4.16m) by accident has been absolved of blame by a branch of the South Korean High Court, which overturned two previous rulings in doing so.
Kyunghyang Shinmun reported that the person (aged 32 and named only as "A" for legal reasons), had previously been found criminally liable and sentenced to 18 months in prison on embezzlement charges and violations of the Act on the Aggravated Punishment of Specific Economic Crimes.
The court heard that in June 2018, A received a deposit of BTC 199.999 from another individual (named by the court as “B”). B appears to have sent the funds by accident – and likely made a mistake when typing the recipient’s address.
A, however, appears to have made no attempt to return the funds or try to discover who had sent the bitcoin. Instead, A proceeded to transfer the coins to two wallets also held in A’s name.
At the original trial, A was found guilty of “breach of trust” violations, with the judge stating that A had been in the position to “safeguard the incorrectly remitted bitcoin” according to “principles of good faith” – but had instead “violated” these principles. The judge in the first trial had ruled that A had “taken advantage” of the error in an “illegal” manner.
A second court upheld this verdict, but the Supreme Court ruled that a third trial should be held, and at that point temporarily overturned the original sentence pending a third trial.
The Supreme Court stated that “a person who has received an erroneous transfer of cryptoassets may be obliged to return [funds they obtained] in an unreasonable manner.” But, it stated, this case was “nothing more than a civil debt” between “two individuals.”
The High Court, meanwhile,
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