UK Court Ruling Sets Back Victims’ Claims to $5B Bitcoin Seizure
A High Court decision to apply Chinese law to fraud victims’ claims brings the UK closer to retaining 61,000 seized bitcoin, Decrypt reported.
The UK has moved closer to retaining a bitcoin haul valued at about $5 billion after a High Court ruling concerning claims by fraud victims, according to Decrypt.
The judge determined that Chinese law should apply to the victims’ claims over 61,000 BTC seized from Zhimin Qian. The decision represents a setback for the claimants.
The ruling addresses which country’s law governs those claims. It does not, on the information reported, amount to a final decision granting the UK ownership of the seized bitcoin.
Source: Decrypt
