Clifford Chance

Cryptocurrency Exchange Liable for Technical Glitch

9 April 2019

The Singapore International Commercial Court (SICC) handed down judgment in its first cryptocurrency litigation on 14 March 2019. The decision gives important guidance on the interpretation of an online platform's terms and conditions, the relationship between a cryptocurrency exchange and its users, and the application of common law doctrines to new technologies.

In this briefing we set out some of the issues considered in, and the lessons to be learned from, the SICC's decision.

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