ChainCatcher news, Michael Kong, the current CEO of the Fantom Foundation, announced that the Supreme Court of Korea unanimously dismissed all appeals by former Fantom CEO Byung-Ik Ahn on October 31, 2024. This means that the favorable ruling made by the Seoul High Court on June 19, 2024, in favor of the Fantom Foundation has been fully upheld, bringing an end to this legal dispute that has lasted for more than two years.In its ruling, the Supreme Court of Korea stated that after a comprehensive review, the appellant's claims lacked legal basis. Previously, Byung-Ik Ahn had repeatedly claimed that the foundation was "stolen," but the Seoul High Court determined that "there is no evidence to support this." Michael Kong particularly thanked the contributions of legal advisor RosettaLegal, stating that their accurate advice and in-depth understanding of the case played a crucial role in the victory. This ruling clears legal obstacles for the future development of the Fantom Foundation and is expected to boost market confidence in the project.

ChainCatcher news, according to Digital Asset, the South Korean Supreme Court upheld the verdict against two former Coinone executives who accepted bribes for listing certain cryptocurrencies on the exchange.On June 13, the court dismissed an appeal from one former executive who was sentenced to receive approximately 1.9 billion won (1.38 million USD) in bribes for listing certain virtual assets on Coinone. The executive will serve four years in prison and must forfeit the 1.9 billion won in bribe money received. Similarly, the court rejected the appeal of another former manager responsible for listings at Coinone. This individual was sentenced to receive 800 million won in bribes and was sentenced to three and a half years in prison. The manager must also return the 800 million won obtained through bribery.

ChainCatcher news, according to Yonhap News Agency, the South Korean Supreme Court ruled that Bithumb must pay 251.4 million won (approximately $202,400) in damages to investors for service interruptions.It is reported that Bithumb's trading service was suspended for 1.5 hours on November 12, 2017, after which more than a hundred investors filed a lawsuit against Bithumb's operator, claiming economic losses due to the service interruption. (Source link)