Bitcoin fraud victims may lose gains under UK court ruling

A UK High Court ruling has placed claims over more than 61,000 Bitcoin under Chinese law, putting potential gains for about 16,000 fraud victims at risk, according to Caixin. More than 61,000 Bitcoin are involved in the recovery dispute linked to a Chinese investment fraud. About 16,000 victims have joined the UK recovery process, according to Caixin’s report. Chinese law will determine the ownership rights underlying investors’ claims, the High Court ruled. The court has left the substance of Chinese law and individual claims for later proceedings. Caixin reported that an Oct.