South Korean court orders Cross Finance to compensate Coinone with $260000

According to Digital Asset, a South Korean court ruled that Cross Finance Korea should pay 360 million Korean won (approximately $260000) to Coinone, based on Coinone's lawsuit to return 900 million Korean won for unjust enrichment. This case involves a default crisis in the P2P lending industry. Coinone has been investing in Cross Finance products since November 2023 under the recommendation of its CEO, with an investment scale ranging from 1 billion to 4 billion Korean won.