UK Bitcoin Fraud Ruling Puts Victims’ Claims to Price Gains at Risk

A UK High Court ruling has placed claims to more than 61,000 seized Bitcoin under Chinese law, raising fresh questions for Bitcoin fraud victims seeking gains. The October 12 decision leaves their ownership rights and potential payouts unresolved. Around 16,000 Chinese investors have become part of the recovery action, as per Caixin . This is due to the investors wanting a piece of the cryptocurrency in connection with the investment scam in Tianjin Lantian Gerui. The judgment might confine their claims to principal and interest only and not the increase in value of Bitcoin after that.

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