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UK High Court rules Chinese law applies to 61,000 Bitcoin seizure case, potentially denying victims price gains
The U.K. High Court's October 12 ruling in a multi-billion-dollar Bitcoin clawback legal battle states that Chinese law must be applied to decide ownership rights for 61,000 BTC seized in a major crypto money laundering case. This decision could deny approximately 16,000 Chinese fraud victims access to Bitcoin's price gains, limiting them to their initial investment plus interest. The court has not yet ruled on whether the victims actually have these rights.
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