The UK High Court is set to decide the fate of 61,000 BTC seized in a 2018 Chinese investment fraud case. The Crown Prosecution Service has initiated civil recovery proceedings, with a hearing scheduled for January 2025. Victims of the fraud, which involved over 120,000 individuals and losses of £640 million, may seek compensation under the Proceeds of Crime Act 2002. Potential outcomes include proportional BTC distribution, fiat compensation, or state retention of surplus value. Legal precedents, such as Robb v The National Crime Agency, will influence the court's decision.
UK High Court to Rule on 61,000 BTC Seized in 2018 Fraud Case
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