Unexpectedly, the dispute over who owns 61,000 bitcoins has taken a new turn ⚖️
These BTC have been held by London police for years and are now worth about $5 billion at current prices—reportedly nearly 200 times what they cost to buy.
Latest developments:
🔹 The UK High Court ruled that claims from around 16,000 investors are governed by the laws of the countries where the investors are based, not UK law.
🔹 This means investors may only get back their principal plus interest, while the chances that the gains from the price surge will remain in the UK have increased.
🔹 Meanwhile, courts in the investors’ countries have also accepted related applications, and the cross-border battle is officially underway.
Put simply, the dispute is no longer just about “who gets the coins back,” but “who gets the gains.” This lawsuit will likely drag on for several years, and its outcome could become a model for how countries handle seized crypto assets in the future.
Who do you think should get these gains—the investors or the government that seized the assets? 👇
#BitcoinReboundsTo82000USD #BTC #ETH
These BTC have been held by London police for years and are now worth about $5 billion at current prices—reportedly nearly 200 times what they cost to buy.
Latest developments:
🔹 The UK High Court ruled that claims from around 16,000 investors are governed by the laws of the countries where the investors are based, not UK law.
🔹 This means investors may only get back their principal plus interest, while the chances that the gains from the price surge will remain in the UK have increased.
🔹 Meanwhile, courts in the investors’ countries have also accepted related applications, and the cross-border battle is officially underway.
Put simply, the dispute is no longer just about “who gets the coins back,” but “who gets the gains.” This lawsuit will likely drag on for several years, and its outcome could become a model for how countries handle seized crypto assets in the future.
Who do you think should get these gains—the investors or the government that seized the assets? 👇
#BitcoinReboundsTo82000USD #BTC #ETH