"Ping Fai Yuen, a UK resident, held 2,323 Bitcoin in a Trezor hardware wallet in 2023. On Aug. 2 of that year, the full balance was transferred without his knowledge. The funds were later split across 71 separate addresses through a series of transactions. No movement has been recorded since Dec. 21, 2023."
"Yuen claims his wife, Fun Yung Li, obtained access to the wallet's recovery phrase, which can be used to recreate the wallet and move funds. The filings allege she recorded him inside their home to capture the phrase, possibly with help from her sister, Lai Yung Li, who is also named as a defendant."
"The filings also describe a recording from July 29, 2023 in which Li allegedly discussed camera placement and the location where Yuen stored his wallet credentials. The claim states she was 'covertly recording' him in an effort to obtain access."
Ping Fai Yuen, a UK resident, held 2,323 Bitcoin in a Trezor hardware wallet until August 2, 2023, when the entire balance was transferred without authorization. He claims his estranged wife, Fun Yung Li, obtained the recovery phrase through covert surveillance inside their home, possibly with assistance from her sister. Court filings reference audio recordings where Li allegedly discussed obtaining the Bitcoin and camera placement for surveillance. After discovering the transfer, Yuen assaulted Li and was arrested, pleading guilty to assault charges. Police arrested Li in 2023 and seized multiple crypto wallets but released her without charges. The case is now proceeding in the UK's High Court of Justice, with the funds remaining stationary since December 21, 2023.
#bitcoin-theft #cryptocurrency-dispute #hardware-wallet-security #uk-high-court-case #domestic-fraud
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