February 25, 2020 Liquid exchange’s order cancels were unlawful, rules Singapore’s Court of Appeals.

Singapore’s Court of Appeals ruled against Quoine, parent company of the Liquid cryptocurrency exchange, rejecting Quione’s claim to a right to cancel seven trades with market maker B2C2. Quione position was that B2C2 knowingly offered incorrect pricing to traders on the platform, who accepted under false pretenses that the trades were at a fair market value. Four of the five appeals judges rejected the argument, finding that it is the programmer’s state of knowledge (B2C2) that, in contexts of agreements between computers and platform participants, is relevant to whether a ‘mistake’ occurred or not.