According to an exclusive report by Digital Asset, the Seoul Southern District Court ruled that in the case where South Korean virtual asset exchange Coinone sued online investment financial company Cross Finance Korea for 900 million Korean won in improper gains, the defendants including Cross Finance are jointly liable to pay Coinone 361.69 million Korean won, approximately 40% of the principal. The court dismissed Coinone's claims of fraud and material misrepresentation to rescind the contract, but found that Cross Finance knowingly had a controlling relationship with the related PG company and the pre-settlement enterprise, failed to fully disclose the risks, and as an online investment financial service provider, violated its obligations, thus bearing part of the compensation liability.