Hok Seng Ling has fully paid a UK confiscation order, mostly using seized crypto assets, after being jailed for money laundering. A London High Court is now deciding the fate of over 61,000 Bitcoin seized by British police, focusing on whether investors can prove ownership under Chinese law. Nearly 130,000 investors oppose the UK Treasury keeping the Bitcoin's increased value, but a judge ruled last week that claims must comply with Chinese law, creating a legal hurdle. The dispute over who should receive the Bitcoin's appreciation remains unresolved, impacting many investors' chances to reclaim assets or gains.
The UK confiscation order and Bitcoin ownership dispute provide context for cryptocurrency market activity. For readers following crypto, here is Pluang's market snapshot as of Oct 21, 2026 19:32 WIB: 43 of 50 major cryptocurrencies rose today. Notable movers include BAL at Rp16.297 (+11.14%), BAT at Rp3.263 (-9.68%), and EOS at Rp12.649 (+8.13%).
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