South Korea
Digital Asset
CP Labs (Formerly Coinplug) Loses Lawsuit Against FSC Over Failure to Return User Assets
- Seoul Administrative Court's Second Administrative Division dismissed CP Labs' lawsuit against the FSC on October 1.
- The FSC had voted in November 2025 to issue a corrective order under the Virtual Asset User Protection Act over CP Labs' failure to return user assets.
- CP Labs (formerly Coinplug) ceased exchange operations on November 30, 2020, but continued holding and managing user balances without properly returning them.