Key Highlights: The London High Court ruled that victims of a massive Chinese Ponzi scheme cannot use English law to claim 61,000 seized bitcoin worth approximately £3.8 billion ($5 billion). Mr Justice Mark Turner determined that Chinese law must govern the property claims because the underlying fraud took place entirely within China. The decision significantly ...
Key Highlights: The UK High Court has ruled that Chinese law governs the ownership dispute concerning over 61,000 Bitcoins recovered from the massive “Blue Sky Green” investment fraud. British police originally seized the digital assets in 2018 following an operation targeting the multi-billion-pound scheme that defrauded investors between 2014 and 2017. The decision establishes governing ...
Key Highlights X Internet Unlimited Company and X Corp. filed a High Court lawsuit in England on September 17 against Vivek Kumar Sen, Zamyang Sherpa, and “persons unknown” alleging a coordinated network manipulated engagement across six Bitcoin-focused accounts to extract at least £207,384 from the Creator Revenue Sharing program. The complaint identifies six primary accounts—@Vivek4real_, ...