Court filings show the dispute is before the UK High Court, where victims are seeking recovery tied to 61,000 seized BTC worth about £3.2 billion.
Chinese investment fraud victims are challenging a UK compensation plan tied to 61,000 seized BTC, with court filings showing the dispute is now before the UK High Court. The crypto assets are valued at about £3.2 billion, or $4.3 billion, in the source material. The underlying fraud affected more than 128,000 investors in China between 2014 and 2017. Earlier reporting in the topic stated that law firm Candey, acting for about 5,700 victims, asked the court to reject compensation through a Chinese mechanism, underscoring the cross-border legal dispute over how recovered crypto assets should be distributed.