Trust Collapse: How an Insider Took Away a Hong Kong Teenager's $160 Million in BTC
In a high-profile case currently being heard in the UK High Court, Hong Kong-based financial influencer and former "stock prodigy" Yuen Bing-fai, also known as "Fire Fat Sam," has accused his estranged wife, Li Wun-yung, of stealing 2,323 BTC (worth approximately $162 million at the time of writing) from his cold wallet.
Yuen alleges that Li, with the help of her sister, installed hidden cameras in their Brighton home to record him entering his PIN and seed phrase for his Trezor hardware wallet. The theft came to light after their daughter warned Yuen that her mother might be planning to take the Bitcoin.
Secretly recorded conversations between Li and her sister, submitted as evidence, reportedly include discussions about transferring the BTC, laundering the funds, and avoiding police detection. The BTC was moved to 71 different addresses and has remained there since.
Yuen, who gained fame through stock and crypto investments, claims to have acquired the Bitcoin between 2010 and 2013. The court has issued a global freezing order on the assets due to crypto's volatility. While Li denies the allegations, the judge noted the evidence appears "devastating" and allowed the civil case to proceed.
The case has drawn significant media coverage and public attention, also reviving discussions about Yuen's controversial past, including his promotion of a failed cloud mining scheme in Hong Kong that led to investor losses and police investigations.
比推03/20 06:36
