UK resident Ping Fai Yuen accuses his estranged wife Fun Yung Li and her sister of stealing 2.323 Bitcoin (BTC) (worth $176 million) from his Trezor hardware wallet in 2023. According to the claim, the wife recorded the seed phrase and access codes with a security camera and transferred the BTC to 71 different addresses. High Court Judge Cotter, in a decision announced last Tuesday, ruled that the audio recordings made by Yuen upon his daughter’s warning and the equipment found in his wife’s home constitute evidence, stating that the plaintiff’s chance of winning is very high.
A UK resident accused his wife of stealing his Bitcoin using CCTV to record his seed phrase. Source: UK Royal Courts of Justice
BTC Theft Method and Risks in Trezor Wallet
The last transfer occurred on December 21, 2023, and there has been no movement in the addresses since that date. Yuen filed a complaint with the police, his wife was arrested but released on bail while awaiting new evidence. In November 2024, an asset freeze order was requested; concerns arise because the wallets have been subjected to dusting attacks. The judge suggested an early hearing due to BTC’s volatility. This incident shows how critical the physical security of the seed phrase is: hardware wallets like Trezor are offline, but they carry risks from cameras or social engineering.
- Theft Method: Recording seed phrase with CCTV and transfer to 71 addresses.
- Evidence: Audio recordings, equipment, and daughter’s warning.
- Status: Asset freeze order pending; dusting attacks detected.
Critical Support and Resistance Levels for BTC
Current BTC price 74,201.49 USD (+0.63% 24h). RSI 58.96, trend sideways, Supertrend bearish. EMA 20: 70,530.59.
Supports:
- S1: 72,309.13 (⭐ Strong, -2.16% distance)
- S2: 70,555.43 (⭐ Strong, -4.54% distance)
Resistances:
- R1: 74,525.50 (⭐ Very Strong, +0.84% distance)
- R2: 76,816.41 (⭐ Strong, +3.94% distance)
Volatility can accelerate asset freeze decisions like in the case. For detailed charts, check BTC detailed analysis or follow BTC futures.
Frequently Asked Questions About the BTC Theft Case
How to protect BTC seed phrase? Store physically, never record digitally, and use multi-signature.
What is a dusting attack? Attempt to track addresses by sending small amounts; it compromises privacy.
Does this case affect BTC price? Not in the short term, but it increases security awareness. Read the SEED phrase security guide.
Source: https://en.coinotag.com/wife-allegedly-stole-2323-btc-court-ruling
