A $5 billion Bitcoin fortune is at stake, but UK court says being defrauded isn’t enough to claim it
BTC when published $83,432Now $80,568 ▼ −3.43% since it was published
A London judge rejected Chinese fraud victims' bid to use English law to claim more than 61,000 seized Bitcoin. In an Oct. 12 ruling, High Court Justice Mark Turner sided with British prosecutors, determining that Chinese law must govern ownership claims over the cryptocurrency, currently worth approximately $5 billion. “The applicable law is Chinese law,” Turner wrote in the judgment, rejecting arguments that English property and trust principles should determine the investors' entitlement.
First reported by CryptoSlate. This page is a short excerpt; the full text is theirs.
