The UK High Court ruled on Oct. 12 that Chinese law governs investors' ownership claims to more than 61,000 seized bitcoin. Caixin reported that about 16,000 victims could be held to principal and interest on coins now worth about 200 times their purchase price.
Perspective Coverage
8 publishers
- Builder
- Builder 0%
- Operator
- Operator 25%
- Investor
- Investor 75%
Reality
- Evidence72
- Adoption
- Not scored
- Hype gap+30
- Incentives55
- Confidence70
Former NCA officer Paul Chowles must repay £1.81 million over 50 bitcoin he took from a Silk Road 2.0 seizure in 2017, when they were worth about £60,000. The order values only the 30 coins police recovered, at today's price, so the 20 he spent are the state's loss.
Perspective Coverage
3 publishers
- Builder
- Builder 22%
- Operator
- Operator 51%
- Investor
- Investor 27%
Reality
- Evidence68
- Adoption
- Not scored
- Hype gap+15
- Incentives35
- Confidence70
MI5's alert on a Chinese front company turns university due diligence into a legal test
MI5 has named the China General Technology Research Institute, which paid 100 or more UK academics, as a front for Chinese state security. Universities and academics that keep working with it could now face prosecution under the National Security Act 2023.
Reality
- Evidence55
- Adoption
- Not scored
- Hype gap+10
- Incentives60
- Confidence60
The two sides will run parallel investigations and settle between themselves who charges whom. The last multi-country operation of this kind froze $3.8 million, most of it by one exchange's compliance desk.
Reality
- Evidence60
- Adoption
- Not scored
- Hype gap+25
- Incentives55
- Confidence65
US-UK sign joint pact to coordinate prosecution of scam-center networks
American and British prosecutors have agreed to decide between themselves where scam-center cases get charged, and an industry disruption event in October will show who outside government is expected to act on that timetable.
Reality
- Evidence44
- Adoption34
- Hype gap+30
- Incentives62
- Confidence45