Malaysia keeps 322 Bitcoin from the Bitkingdom scam after court ruling

Malaysia’s government is about to become a meaningful Bitcoin holder, and it didn’t have to buy a single coin to get there. The Kuala Lumpur High Court has ruled that the state will retain approximately 321.64 Bitcoin seized in connection with the Bitkingdom investment scam. At current prices, that stash is valued at about $26.2 million. The coins trace back to a scheme that ran between 2015 and 2016. How the coins got split Authorities seized a total of 497.82 BTC tied to Bitkingdom. The court then had to decide who gets what. Nine victims came forward in the proceedings. Collectively, they had deposited 362.04 Bitcoin into the scheme. The court ordered roughly 176.18 BTC returned to those nine claimants. That covers a bit less than half of what they originally put in. The reason for the haircut is simple arithmetic. Total claimed losses from the scam exceeded the amount authorities actually recovered, so victims could only receive a proportional share. Everything left over, the approximately 321.64 BTC, stays with the government. Add the two figures together and you land exactly on the 497.82 BTC originally seized. The partial restitution ruling came on October 12, 2026. It follo...