Malaysia Court Orders 176.18 Bitcoin Returned in Bitkingdom Case

Malaysia’s High Court ordered 176.18 Bitcoin (BTC) returned to nine claimants in the Bitkingdom case, while forfeiting the remaining 321.64 BTC from a 497.82 BTC seizure to the government. The court apportioned the returned Bitcoin according to reported losses. It found that the nine claimants had deposited a combined 362.04 BTC after being promised daily returns of 1%. Police complaints in the case listed total losses of about 1,023 BTC, more than the amount seized.