Man accuses wife of using CCTV cameras to steal $172 million bitcoin from his hardware wallet

A U U. . Similarly, K K. A high court judge granted a lawsuit over the alleged theft of more than 2,323 bitcoin last week to move forward, in one case that highlights how the country’s legal system is still adapting traditional property law to cryptocurrency.

U. Similarly, K K. According to court filings in last week, resident Ping Fai Yuen said his estranged wife, Fun Yung Li, secretly obtained the recovery phrase from CCTV cameras at their home and transferred 2,323 bitcoin BTC$74,704 onwards. docket in the High Court of England and Wales, 84 without his permission on August 2023.

The bitcoin was worth just under $60 million at the time of the alleged theft 30 months ago, but is now valued around $172 million for its current price of just over $74,000.

A PIN secured a Trezor cold wallet with the stolen crypto in. The court heard that anyone with the wallet’s 24-word recovery phrase could recreate the money and move the funds. The transaction was then transcribed through several transactions, and it now sits across 71 blockchain addresses not stored at exchanges. Funds have not moved since Dec., when the funds were transferred from . Court hears 2123 paraphrasing of the sentence,.

After his daughter warned Li that he was trying to steal the bitcoin, Yuen later installed audio recording devices in the home, saying ‘It is an important step for me to take the digital. After finding the transfer, Yuen confronted Li and attacked her. He later pleaded guilty to assault occasioning actual bodily harm and two counts of common assault in 2024. In a search of her home, officers took several hardware wallets and recovery seeds; police did not immediately respond to the new evidence.

But the court heard earlier that the wife asked her husband to ‘defy’ the case, saying ‘The main claim was conversion (in England is an ancient legal term for converts when someone takes physical property) and it could not apply to digital assets such as bitcoin.

The judge agreed with the wife, but ruled that the case can still proceed under other legal claims which could allow the husband to recover the bitcoin if his allegations are proven. The court heard the case is going on to go to trial now, said the judge.

Thanks for reading Man accuses wife of using CCTV cameras to steal $172 million bitcoin from his hardware wallet