Singapore-based cryptocurrency exchange Quione is going to have to answer in court for over $13 million in missing funds. The exchange is being sued by B2C2, a liquidity provider, over the former\u2019s \u201cuniversal reversal\u201d of a handful of trades on its platform without permission. The debacle started in April 2017 when Quione reversed seven trades without B2C2\u2019s authorization. The result was a loss of around 3,085 Bitcoin Core (BTC) and the accusation that the exchange had \u201c its role as operator of the platform\u201d and that it had \u201cacted in breach\u201d of trust as B2C2\u2019s custodian. According to court documents, \u201ct is B2C2's contention that in the face of serious risk of itself having to bear the financial loss arising from the trades\u2026Quoine chose the most advantageous course to mitigate such risk \u2014 by simply reversing the 'irreversible' trades and deducting the proceeds from the account.\u201d Quione asserts that the reversals were due to a technical glitch. That glitch, according to the exchange, allowed B2C2 to establish trades at an \u201cabsurdly\u201d high rate of 10 BTC to 1 Ether (ETH), leading the exchange to force the reversal. It explains, \u201cThere is no other way than to describe these orders as abnormally and absurdly priced orders, given that they were about 250 times higher than the average price at which (the two currencies) then traded on the platform.\u201d B2C2 alleges that the exchange, through the two parties\u2019 mutual agreement, did not have the legal ability to reverse the trades. Quione has countered by stating that a risk disclosure agreement exists that stipulates that it can cancel any transaction if the platform determines that it \u201ctook effect based on an aberrant value.\u201d The glitch also led the exchange\u2019s quoter program to stop creating or placing new orders, which led to problems with liquidity. That glitch caused the program to be \u201cunable to access external market price data\u201d for both BTC and ETH. The trial is taking place in Singapore International Commercial Court and is expected to take about a week. There was no indication if B2C2 is going to attempt to fight for the current BTC value or the value at the time the reversals took place.