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S. Korea's high court overturns guilty verdict of man in ‘wrongly-sent’ bitcoins case
The South Korean Supreme Court overturned the guilty verdict against a 32-year-old man in a breach of trust charge for ‘keeping’ bitcoins inadvertently sent to him due to misinterpretations of the principles of law.
The case has been remanded for trial.
A Greek national transferred 199.999 bitcoins worth 1.48 billion won to the South Korean man's account in June 2018 for an unknown reason. The next day, the man sent the bitcoins to two of his other accounts.
He managed to return 158.225 bitcoins after exchanging some for cash to pay off loans.
Two lower courts ruled that he was guilty of the charge of breach of trust.
The Supreme Court said it is difficult to recognize that there was a trust relationship between the accused and the victim.”