1. The plaintiffs' claims against the defendants are all dismissed.

2. The costs of lawsuit are assessed against the plaintiffs.

1. The summary of the plaintiffs' assertion was conspired to mislead the plaintiffs as follows.

① The Defendants, inasmuch as there is no technological and business value of the “malcoin” (hereinafter “malcoin”) to make any investment therein, had the Defendants enticed as if they had high investment value in the instant cryption in order to raise the Wccoin acquisition fund for the domestic cryption exchange.

(2) In fact, even though there is no intention or ability to list the cryptism of this case by re-burialing the W Exchange suspended in the short term, the said crypted the cryptism in January 2019, thereby deceiving the cryptism of this case as immediately being listed.

③ The market price of the encryption of this case sharply increased within a short period, thereby deceiving investors as if they gain a large profit.

④ The Korea Maximum Encrypt Exchange “X” and a large investment fund “Y” deceptioned that the instant encryption will have an interest in accepting the W Exchange.

⑤ In fact, although the total issuance volume of the encryption of this case reaches approximately 2 billion, the actual circulation volume of the encryption of this case was deceiving as if it was merely 1 billion won.

6. The fact was that the instant coding was sold to other investors in two won per piece, but it was deceiving the Plaintiffs as if they were sold in a particularly low manner only to the Plaintiffs.

The Plaintiffs purchased the instant encryption as stated in the “the details of the Plaintiff’s purchase” indicated below in the said deception by the Defendants.

Serial 1 A 2018-09-17 2018-14 2018-14 26 EST (5,58,700 won) 2018-11-14 3 EST (64,850 won) 2018-09-21 2018-11-14 cash 14,018-11, 2018-114, 2018-10,11-15 19 ETS (3,976,700 won), 2018-11-16, 2018-18, 2018-18, 2018-10, 205, 2018-29, 205, 305, 205, 198-105, 205, 195, 205, 2015, 305,298