Malaysian Court Rules Government to Return 497.82 Bitcoins to 9 Investors

The Kuala Lumpur High Court has ruled that the Malaysian government must fully return 497.82 bitcoins seized to nine victimized investors, currently valued at approximately $40.73 million. These victims deposited a total of 362.04 bitcoins into the Bitkingdom wallet between 2015 and 2016, and the funds were subsequently transferred to the wallets of two men involved in the case. The court found that the nine applicants had proven they were defrauded and had legitimate claims to the seized assets, ruling that the relevant bitcoins should be distributed according to the proportion of their respective investments.

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