According to Digital Asset, the Seoul Central District Court has ruled in favor of T Scientific, a KOSDAQ-listed company in South Korea, in a lawsuit over the return of 24.1 billion KRW (approximately $17 million) paid for the acquisition of shares from former shareholders of the now-defunct crypto exchange Hanbitco. The court pointed out that 99.96% of the transaction data used to evaluate Hanbitco's equity value consisted of self-trades where the buyer and seller IDs were identical. If these transactions were excluded, the equity value would be assessed as zero. The former shareholders failed to disclose this during the acquisition process, which constituted fraud. Additionally, the ruling revealed for the first time that in 2021, Hanbitco suffered a theft of approximately 2.3 billion KRW (around $1.6 million) in crypto assets due to a breach of a company director's email and the exposure of the hot wallet private key. However, this incident was not reported to the relevant authorities. Hanbitco ceased operations in May 2024. https://(wublock123.com)/news/korea-court-rules-t-scientific-wins-hanbitco-equity-refund-68090