UK Moves Closer to Keeping $5B Bitcoin Haul After High Court Ruling
60-second summary
A UK High Court judge rules that Chinese law, not UK law, governs fraud victims’ claims to the 61,000 BTC seized from Zhimin Qian, effectively blocking a $5 billion recovery effort.
A judge ruled that Chinese law should govern fraud victims' claims to the 61,000 BTC seized from Zhimin Qian, in a blow to the claimants.