[South Korean Court Orders Cross Finance to Pay $260,000 in Compensation to Coinone] According to Digital Asset, a South Korean court has ruled that P2P lending company Cross Finance Korea must pay 360 million KRW (approximately $260,000) in compensation to South Korean cryptocurrency exchange Coinone. The ruling stems from a lawsuit filed by Coinone, demanding the return of what it claimed to be 900 million KRW in unjust enrichment. This case is part of the spillover effects from the large-scale default crisis in the P2P lending industry between 2024 and 2025, which has now impacted digital asset exchanges. According to the court's decision, Coinone began investing in Cross Finance's products in November 2023, following a recommendation from its CEO, surnamed Kwak. The exchange maintained an investment scale between 1 billion and 4 billion KRW until early August 2024.