UK High Court: Claims to 61,000 BTC in Lantian Gerui Case Fall Under Chinese Law
- —The case involves over 61,000 BTC seized in the Tianjin Lantian Gerui scheme
- —The October 12 ruling applies Chinese law to investors' property claims
- —About 16,000 victims are taking part in the UK recovery process
- —They may recover only principal and interest, not bitcoin's price gains
Why it matters: The precedent will shape whether crypto fraud victims can claim asset appreciation rather than just nominal losses.
Source: PANews