Craig Wright’s Wife Nets Legal Victory in Quest to Reclaim Lost Bitcoin
Ramona Ang, the wife of self-described Bitcoin creator Craig Wright, secured a key legal victory in her case a gainst a Cypriot Bitcoin futures exchange. | Source: CoinGeek/YouTube
By CCN: Craig Wright’s wife, Ramona Ang, sued a Cypriot futures exchange, UFX, for closing her account in August 2017 and effectively throwing a wet blanket on her investment goals. The exchange also refused to allow her to withdraw the funds she had used to invest in Bitcoin futures.
UK Judge Rules Case Will Proceed in Britain
UFX argued that the British court has no jurisdiction over the case since the account closure was based on their terms of service. In an extremely lengthy ruling, British judge Andrew Baker ruled against UFX, allowing the case to proceed.
The ruling is extremely complex, but it details the nature of Ms. Ang’s history with UFX. It states that she also used eToro and IG.com. The gist of her case against UFX is that they closed her account for apparent ToS violations but never provably disclosed their terms of service to her.
It seems important to note that Ang was trading on behalf of herself, as Baker writes:
“Indeed, the description Ms Ang gave in her evidence of what the role entailed would be fit to serve as an outline job description for a part-time PA were her husband seeking to recruit one as paid help. It does not involve Bitcoin trading on behalf of her husband or the provision of foreign exchange or other financial services to him or anyone else as any kind of ‘client’.”
UFX cited multiple reasons for closing her account.