A UK High Court ruled that Chinese law will govern ownership claims over more than 61,000 Bitcoin linked to a Chinese investment fraud involving about 16,000 victims. This decision may limit victims to recovering only their principal and interest, rather than any increase in Bitcoin's value. The case stems from a fraudulent scheme run by Tianjin Lantian Gerui Electronic Technology, affecting over 128,000 people. The court deferred detailed legal questions on Chinese law and individual claims to later proceedings, while English law will provide the procedural framework for the recovery process.
The UK court ruling on Bitcoin fraud victims is presented here with related market data for context. For readers following cryptocurrency, here is Pluang's market snapshot as of Oct 13, 2026 01:41 WIB: out of 50 major cryptocurrencies, 8 rose and 41 fell. Notable movers include BAL at Rp16.297 with a +11.14% change and EOS at Rp12.649 with +8.13%, while CRV dropped 7.31%.
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