VANCOUVER — A B.C. Supreme Court judge has granted production orders to name cryptocurrency account holders to a man who claims he lost $26 million in bitcoin in a fraud connected to a person who claimed to live in Vancouver. The court ruling posted Thursday was issued last month involving Lixiao Wang, who petitioned the court for a production order against cryptocurrency platforms Binance and Coinbase. The ruling says Wang was contacted over WhatsApp in early 2024 by someone claiming to be a “cryptocurrency investment expert” in Vancouver, and Wang eventually transferred $26 million in bitcoin to an account on a website. The ruling says Wang “became suspicious” when he lost access to his account and the site’s support team told him to deposit millions more to perform a “security audit” required to unlock his account. Judge Bruce Elwood’s ruling says Wang hired a private investigator who traced the bitcoin transactions to accounts at Coinbase and Binance, and also determined that a B.C. driver’s licence provided by the alleged fraudster to Wang was a fake. Elwood’s ruling says Wang’s petition was heard without notice to the companies, and he ruled that they should hand over identifying information about the account holders as “the only practical source of the personal information identifying the wrongdoers.” Coinbase is located in the U.S. and Binance is based in the Cayman Islands. Both platforms didn’t immediately respond to emailed requests for comment about the court’s ruling. This report by The Canadian Press was first published March 13, 2025. Darryl Greer, The Canadian Press
Related Posts
Avon Protection Reports Strong Performance in Second Half of Fiscal 2023
Avon Protection, a London-listed manufacturer specializing in gas masks, helmets, and body armor, has announced that its performance…
As the Market Plummets, Giant Altcoin Whales Get Active – Here Are Their Latest Trades
Risk Disclosure: Guides, news, articles and analyzes on Bitcoinsistemi.com do not constitute investment advice. Keeping in mind that…
BBC Radio 4 – The Today Podcast, What’s up with Gen Z?
Nick and Amol are joined by a Gen Z-er and a Baby Boomer to discuss the findings of…
With firings and lax enforcement, Trump moving to dismantle government’s public integrity guardrails
WASHINGTON (AP) — In the first three weeks of his administration, President Donald Trump has moved with brazen…