US court blocks victims from 127,000 seized Bitcoin, and petition rules are blamed
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A U.S. court has blocked victims from accessing approximately 127,000 Bitcoin seized in a case, with restrictive petition rules cited as a key obstacle. The ruling leaves claimants unable to recover funds despite asserting losses tied to the seizure. The case highlights legal uncertainty around ownership and restitution of confiscated Bitcoin, potentially delaying distribution and affecting confidence in recovery processes.
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