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The Kuala Lumpur High Court in Malaysia ruled that about 321.64 of the 497.82 Bitcoin seized in connection with the 2015-2016 BitKingdom investment fraud be forfeited to the government, while about 176.18 Bitcoin be returned to nine victims.
The Bitcoin awarded to the government is worth about $26.2 million at current prices. The returned Bitcoin represents part of the 362.04 Bitcoin deposited by the nine victims involved in the lawsuit, with the court applying a proportional distribution method as the total losses exceeded the assets actually recovered.