tldr; A UK High Court has allowed a lawsuit over the alleged theft of 2,323 Bitcoin, valued at $172 million, to proceed to trial. Ping Fai Yuen accuses his estranged wife, Fun Yung Li, of using home CCTV footage to record his Trezor wallet’s recovery phrase and transfer the funds without consent. The court dismissed the conversion claim, as Bitcoin is not considered tangible property under current law, but allowed the case to continue under alternative legal theories like unjust enrichment and constructive trust.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
goldenbuyer02 on
I can imagine the ‚High‘ shitty court’s decision if the victim were the woman instead of the man. Thank God I am not from this deranged country.
ReallyOrdinaryMan on
CCTV records could be hacked into, by his wife or someone else. It can even be hacked without physical acess (over the internet). Recording yourself while using your private key is so dumb.
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tldr; A UK High Court has allowed a lawsuit over the alleged theft of 2,323 Bitcoin, valued at $172 million, to proceed to trial. Ping Fai Yuen accuses his estranged wife, Fun Yung Li, of using home CCTV footage to record his Trezor wallet’s recovery phrase and transfer the funds without consent. The court dismissed the conversion claim, as Bitcoin is not considered tangible property under current law, but allowed the case to continue under alternative legal theories like unjust enrichment and constructive trust.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I can imagine the ‚High‘ shitty court’s decision if the victim were the woman instead of the man. Thank God I am not from this deranged country.
CCTV records could be hacked into, by his wife or someone else. It can even be hacked without physical acess (over the internet). Recording yourself while using your private key is so dumb.