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[Kuala Lumpur Court Orders Return of 497.82 Bitcoin]

The Kuala Lumpur High Court ruled that the government must return a total of 9 investment-scam victims 497.82 Bitcoin. Based on the 2023 valuation, the Bitcoin is worth approximately 17600000 USD. The court found that, between 2015 and 2016, 9 victims were deceived by Fadino Khairuman and Asyran Ismail into depositing a total of 362.04 Bitcoin into Bitkingdom wallets, in return for a promised daily investment return of 1%. The Bitcoin was subsequently transferred to wallets under the two individuals' names and was ultimately seized by law enforcement. The judge noted that the Bitcoin at issue had been transferred through multiple transactions and subjected to a layering process, but the victims had not lent Bitcoin to the defendants; rather, they lost their assets through fraud and therefore held legitimate rights to the seized assets. The court ruled that 497.82 Bitcoin should be distributed in proportion to each victim's initial investment, with each receiving between 0.68%and 11.7%of the total.