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UK High Court case alleges 2,323 BTC theft after seed phrase exposure, funds split to 71 addresses
A dispute before the UK High Court involves an alleged theft of 2,323 Bitcoin (BTC), valued at about $176 million, after a seed phrase was reportedly obtained through covert recording rather than hacking. The claimant, Ping Fai Yuen, says his estranged wife Fun Yung Li and her sister accessed his wallet recovery details and later moved the BTC to 71 separate addresses. No further on-chain movements have been observed since Dec. 21, 2023, and the proceedings remain ongoing.