UK Court Ruling Sets Back Chinese Victims’ Claim to 61,000 Bitcoin
A UK court has ruled that Chinese law applies to fraud victims’ claims over 61,000 seized Bitcoin, complicating their recovery efforts.
Chinese fraud victims have suffered a setback in their effort to recover 61,000 Bitcoin seized by authorities, according to Cointelegraph.
A UK court determined that the victims’ claims must be assessed under Chinese law. The ruling establishes which country’s law governs their recovery bid.
The decision is a hurdle for the claimants, but the reported ruling does not establish a final outcome for the seized Bitcoin.
Source: Cointelegraph
