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Cryo-currency? Hong Kong Court grants freezing injunction over bitcoins

04 December 2019

A Hong Kong court has granted an injunction freezing the assets of a French cryptocurrency trader in a dispute over what happened to bitcoins held in an insolvent trading platform.

In Nico Constantijn Antonius Samara v Stive Jean Paul Dan (2019) HKCFI 2718, the court found the plaintiff had made out a good arguable case that the bitcoin assets valued at up to US$2.7 million should be preserved in the face of competing claims to ownership.