Man in eastern China who stole 107 Bitcoin using a memorized seed phrase gets 10 years and nine months behind bars.
Technical Analysis
Chinese court treats Bitcoin as property in 107 BTC memory theft case. Man gets 10 years for stealing via seed phrase. Major legal milestone for crypto.
Why it matters: This ruling could set a precedent for how courts view crypto assets in criminal cases.
Source: Cointelegraph, Dec 14, 2023.
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