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The Russian criminal court rejected the 99.7 BTC claim from the victims because Bitcoin was not recognized as legal tender

Subsequent developments in the case involving two men impersonating the Federal Security Services (FSBs) have paid off. In particular, on June 30, the Russian criminal court rejected the claim for victims with the argument that Bitcoin and other cryptocurrencies do not inherit the same protection as other types of assets.

the-russian-criminal-court-rejected-the-99-7-btc-claim-from-the-victims-because-bitcoin-was-not-recognized-as-legal-tender

Bitcoin does not enjoy the same property protection as other assets

The case began in 2018 when two men impersonating Federal Security Service (FSB) employees and their accomplices kidnapped the victim and forced him to give them 5 million rubles or $ 90,000 in cash and 99.7 BTC – worth about $ 900,000 at the time. The kidnappers were sentenced to eight and ten years in prison.

After that, the lawsuit went on and on because the victims demanded compensation and forced the scammers to pay back the money they stole. The court still ruled in favor of the victim, insisting the criminals had to repay 5 million rubles. However, when it comes to cryptocurrencies, the court declared that they could not respond to the claim, as Bitcoin was not legally recognized by Russian law.

Therefore, it seems that this incident is outside their jurisdiction.

Even so, victims can still try their luck in civil court. Regardless of any future legal proceedings, this court’s decision is remarkable – in essence, it claims that Bitcoin theft is not a crime.

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