Current outcome
The UK High Court ruled Chinese law applies to victims' claims over 61,000 BTC, improving the UK government's chances of keeping the haul, but ownership remains unresolved and victims' lawyers plan to appeal.
Progress timeline
2 material updates- #01
UK chances of keeping £3.8bn bitcoin haul rise after High Court ruling
A UK High Court ruling has improved the British government's chances of permanently retaining a seized bitcoin hoard worth roughly £3.8bn, strengthening the legal footing for state confiscation of the crypto assets.
Source evidence: Financial Times
- #02
UK Moves Closer to Keeping $5B Bitcoin Haul After High Court Ruling
The London High Court further specified that Chinese law governs victims' claims to the 61,000 BTC (about $5bn/£3.8bn); victims' lawyers plan to appeal and ownership will be decided later.
State after update: The UK High Court ruled Chinese law applies to victims' claims over 61,000 BTC, improving the UK government's chances of keeping the haul, but ownership remains unresolved and victims' lawyers plan to appeal.
Source evidence: Decrypt