Malaysia court awards state 321.64 BTC from Bitkingdom scam
- —497.82 BTC seized; victims received 176.18 BTC, under half their deposits
- —The state keeps 321.64 BTC, valued at roughly $26.2 million
- —The 2015–2016 scheme promised daily returns of about 1%
- —Reported losses across 207 victims totaled nearly 1,023 BTC
Why it matters: The ruling sets a proportional-restitution precedent: when seized assets fall short of losses, victims recover only a share.
Source: Crypto Briefing