Wife used CCTV to steal $176M of husband’s crypto, UK court told

Justice Cotter said in his judgment that the husband in the case has a high chance of succeeding, given the available evidence and recommended an early trial.

A UK resident has accused his estranged wife of stealing 2,323 Bitcoin from his Trezor hardware wallet in 2023, alleging she used a security camera to capture his seed phrase and access codes. 

In a court judgment by Justice Cotter, filed in the UK’s High Court of Justice last Tuesday, lawyers acting for the claimant, Ping Fai Yuen, alleged that his wife, Fun Yung Li and her sister covertly recorded him to obtain his seed phrase and transfer out $176 million in Bitcoin (BTC) to 71 different addresses.

After allegedly being tipped off by his daughter about the plot, Ping installed audio recording equipment and claims to have captured Fun discussing the theft and how to move large sums of money without attracting the attention of banks or law enforcement. 

Read more