Craig Wright’s Wife Nets Legal Victory in Quest to Reclaim Lost Bitcoin

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

bitcoin britain uk cryptocurrency crypto

Judge Andrew Baker ruled that Ramona Ang’s case against Bitcoin futures exchange UFX may proceed. | Source: Shutterstock

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. As previously noted, it seems part of the case revolves around her marriage to Bitcoin SV creator Craig Wright.

UFX Alleges Dishonesty on Part of Ramona Ang

Further, UFX believes that she was dishonest about her trading history and activity – in short, they think she was a professional trader or, for legal purposes, a business. Baker dismisses this idea, believing that her trading behavior and activity are characteristic of retail Bitcoin investors.

“Mr Bradley, for Reliantco, submitted that Ms Ang was or may have been selective and less than fully candid in her presentation of documentary records to support what she said about her eToro and IG accounts. In my judgment, however, there is no basis for concluding that her use of eToro and IG was different in kind or character from her use of UFX. If in that use, considered on its own merits, Ms Ang is properly to be characterised as a consumer under Brussels (Recast), there is no reason to suppose that any fuller investigation of her use of eToro and IG might suggest otherwise.”

Ramona Ang appears to have a valid case against UFX. She estimates that her losses total nearly $3 million. A legal expert website concludes:

“This judgment demonstrates that the question of whether a private investor is a consumer for the purposes of the recast EU Brussels Regulation remains unclear and will often turn on the facts. With a lack of clarity in the case law, it also demonstrates the need for the issue to be considered at a higher level.”

In other words, there is still no legal precedent on the matter.

Bitcoin Lawsuits Are a Wright Family Pasttime

Ang’s husband, Craig Wright, is currently engaged in several lawsuits, including as a defendant in a major case involving the estate of Dave Kleiman.

He’s also suing critics who have the gall to deny that he’s Bitcoin creator Satoshi Nakamoto.

Ang’s Bitcoin losses were first reported by TrustNodes.

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews

Crypto Scams

Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
April 23, 2022
Prove
Joon Pak Head of Crypto at Prove talks to Us about Crypto Fraud And More
April 11, 2022
Mintable
Mintable CEO Zach Burks Talks to Us about the Opensea Stolen NFTs and Their Recovery
March 21, 2022
Crypto Crime
Crypto Crime Surges To Record Highs As Thieves Follow Market Buzz – Chainalysis 2022 Report
February 24, 2022
Bots Circumvent 2FA Login At Coinbase And Other Crypto Exchanges In 2022
Bots Have Circumvented 2FA Logins At Coinbase And Other Crypto Exchanges In 2022
February 17, 2022

Automated trading with HaasBot Crypto Trading Bots

Blockchain/Cryptocurrency Questions and Answers

Russia
Roundtable Interview-What is the Effect of The Russia-Ukraine War on Cryptocurrency Prices?
March 4, 2022
GamStop
How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
Cryptocurrency
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021
Ethereum
The Unconventional Guide to Ethereum
October 28, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin29,800 1.01 % 1.45 % 2.30 %
Ethereum1,982.2 1.33 % 0.14 % 5.39 %
Tether1.001 0.07 % 0.06 % 0.01 %
BNB330.72 1.14 % 1.02 % 7.89 %
USD Coin0.9989 0.16 % 0.08 % 0.04 %
XRP0.4080 0.78 % 0.30 % 7.10 %
Binance USD0.9990 0.18 % 0.25 % 0.24 %
Cardano0.9566 0.22 % 0.68 % 6.96 %
Solana48.94 1.79 % 1.99 % 14.78 %
Polkadot9.970 2.42 % 0.12 % 9.79 %

bitcoin
Bitcoin (BTC) $ 29,962.00
ethereum
Ethereum (ETH) $ 1,987.22
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 332.13
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.409321
binance-usd
Binance USD (BUSD) $ 0.998458
cardano
Cardano (ADA) $ 0.521357
solana
Solana (SOL) $ 49.29
polkadot
Polkadot (DOT) $ 10.03