All of the plaintiff's claims are dismissed.

Litigation costs shall be borne by the plaintiff.

1. Basic facts

A. C sells online products in a multi-level manner, which are advertised as if profits are generated through the bitcoin transaction using the artificial intelligence computer “D” and are advertised as if profits are paid. It manages the accounts and profits of members through the website (E and F; hereinafter “instant website”).

G In actual operation of H Co., Ltd. (hereinafter “instant company”) established as a first-order seller in the Republic of Korea from January 2016 to October 2017, which is established to sell the said online goods in Korea, as a first-class seller of C, and attract investors in connection with the business of investing the said online goods in C (hereinafter “instant business”) to many and unspecified persons, and received the investment money from the investors in multi-stage manner.

B. An investor who invested in the instant project shall join the instant website as a member and hold an account corresponding to the investment amount (generally KRW 130-1400,000,000,000,000). It must necessarily undergo the procedure that a member, who has joined the instant website, has access to his own account and creates a new account to the lower account.

If the above investor enters the account and password into the website of this case and then robs, the so-called C Points (hereinafter referred to as the “instant points”) is indicated with the earnings indicated as USD and bitcos on the electronic wall of each account.

C. A member who has joined the instant website may purchase, transmit, or recover the instant points contained in the instant website via the instant website, and purchase C’s investment goods using the instant points.

The above member may apply to C for the recovery of the points of this case, which is the operator of the web site of this case. In such cases, C shall be based on the market price of bitco at the time of collection.