A bitcoin (BTC) wallet owner who received almost BTC 200 (USD 4.16m) by accident has been absolved of blame by a branch of the South Korean High Court, which overturned two previous rulings in doing so.
Kyunghyang Shinmun reported that the person (aged 32 and named only as "A" for legal reasons), had previously been found criminally liable and sentenced to 18 months in prison on embezzlement charges and violations of the Act on the Aggravated Punishment of Specific Economic Crimes.
The court heard that in June 2018, A received a deposit of BTC 199.999 from another individual (named by the court as “B”). B appears to have sent the funds by accident – and likely made a mistake when typing the recipient’s address.
A, however, appears to have made no attempt to return the funds or try to discover who had sent the bitcoin. Instead, A proceeded to transfer the coins to two wallets also held in A’s name.
At the original trial, A was found guilty of “breach of trust” violations, with the...
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