UK High Court Advances Bitcoin Dispute Over $172 Million

A legal battle in the UK High Court concerning 2,323 Bitcoin, valued at over $172 million, is progressing as Justice Cotter acknowledged the strong potential for Ping Fai Yuen's claim to succeed. According to NS3.AI, Yuen accuses his estranged wife, Fun Yung Li, of acquiring the recovery phrase through secretive surveillance within their residence and transferring the entire balance from a Trezor wallet on August 2, 2023. The court documents indicate that the funds were subsequently distributed across 71 addresses. Yuen is pursuing confirmation of ownership, a freeze on Li's cryptocurrency assets, and the return of the Bitcoin or an equivalent amount in British pounds.