[South Korean Court Orders Cross Finance to Compensate Coinone Approximately $234,000] Odaily Planet Daily News – The Seoul Southern District Court in South Korea has ruled that the online investment financial company Cross Finance must pay approximately $234,000 in compensation to the cryptocurrency exchange platform Coinone. According to the judgment, under the recommendation of Cross Finance representative Mr. Kwak, Coinone began subscribing to Cross Finance-related investment products in November 2023, with the investment scale consistently maintained between 1 billion and 4 billion KRW. On August 5, 2024, the product experienced its first repayment delay. Reports indicate that Cross Finance's default is linked to a 70 billion KRW fraud case involving Lumen Payments. Following the incident, Coinone sought to annul its related contracts with Cross Finance on the grounds of fraud or significant misunderstanding. Previously, Coinone had filed a lawsuit against Cross Finance demanding the return of approximately 900 million KRW in unjust enrichment. (Digital Asset)