In a legal first, the judge says crypto provider Luno is liable for safeguarding Yew See Tak’s money.
Judge Sazlina Safie said the businessman had proven his claim against Luno Malaysia Sdn Bhd on the balance of probabilities.
In what is believed to be the first decision of this kind against a cryptocurrency platform in Malaysia, judge Sazlina Safie said Yew See Tak had proven his claim against Luno Malaysia Sdn Bhd on the balance of probabilities. In his statement of claim, Yew said Luno was authorised by the Securities Commission to offer this crypto service and had been doing so since July 29, 2019.
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