A $5 billion Bitcoin fortune is at stake, but UK court says being defrauded isn’t enough to claim it
regulatory
A UK court has ruled that victims of a major fraud cannot claim a roughly $5 billion Bitcoin fortune solely because they were defrauded; they must establish a legally recognized ownership or proprietary interest in the assets. The decision leaves the Bitcoin potentially beyond victims’ reach despite the alleged connection to their losses. It highlights the difficulty of recovering crypto when fraud claims do not translate into enforceable rights over specific coins.
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