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The British platform could not return more than 3000 bitcoins, purchased "by mistake" on the Quoine exchange

British market maker B2C2 could not sue 3092 bitcoins, purchased in April 2017 from the Singapore stock exchange Quoine during a technical failure site. This is stated in the decision of the Singapore International Commercial Court.

The court considered that B2C2 intentionally took advantage of a technical malfunction on the stock exchange, which allowed it to purchase 3092 BTC for 309 Ether. At that time, the profit from the deal was $ 3.7 million.

After eliminating the malfunction Quoine canceled the data of seven operations, but the representatives of B2C2 appealed to the court with a demand to consider them legal and to return the bitcoins, whose value during the consideration of the claim grew to $ 43 million.

However, the court again took the side of the stock exchange, deciding that B2C2 understood the difference in the rates of the two crypto currencies, and that the exchange rate proposed because of the mismatch did not correspond to reality.

Recall that the margin for transactions between B2C2 and Quoine is 125 times higher than the average price of Ethereum for the market.