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Now That Bitcoin Is Considered Property In The UK, Reclaiming Ransomed Assets Sent To Exchanges Is Much Easier

Seemingly, bitcoin remains one of the most valuable assets for criminals utilizing blockchain technology given its relative stability, price and relevance.
When Bitcoin Became PropertyIn England, prior to December 2019, the question of whether cryptocurrencies were property under law was still undetermined.
Jurisdiction Taskforce (UKJT) only a month before noted “cryptoassets have all of the indicia of property,” the first sign of bitcoin’s recognition as property.
The question was finally considered in court in December 2019 (see: AA v Persons Unknown & Ors, Re Bitcoin).
A Canadian hospital fell victim to a malware attack, a ransom was demanded in bitcoin and paid its London insurer.

Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by TokenAround.


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