CZ Speaks on Bitcoin’s Darkest Self-Custody Nightmare: $172M Vanishes in a Marriage Turned Spy War
A man claims his wife used CCTV to steal $172M in Bitcoin from his Trezor wallet, highlighting the risks of self-custody.Summary
A UK businessman, Ping Fai Yuen, alleges his estranged wife, Fun Yung Li, stole 2,323 Bitcoin (worth approximately $172 million) by secretly recording his Trezor recovery phrase using hidden CCTV cameras. The case, currently in the High Court of England and Wales, centers around claims of unjust enrichment, breach of trust, and constructive trust after a judge dismissed claims of conversion, stating Bitcoin isn't physical property under English law. Recordings reportedly captured the wife discussing the transfer of funds and methods to avoid detection. While police arrested the wife and seized crypto-related materials, she denies the allegations and now resides in Hong Kong. Binance founder Changpeng Zhao (CZ) commented on the case, highlighting the ironic failure of self-custody in the face of domestic betrayal. The trial is ongoing, with injunctions preventing the movement of the stolen coins.
(Source：BeInCrypto)