England and Wales High Court of Justice Court Considers Stablecoin Tether USDT as Property in Case

The
case
was
brought
by
Fabrizio
D’Aloia,
who
said
he
was
the
victim
of
a
cryptocurrency
scam,
and
relates
mainly
to
crypto
exchange
Bitkub,
named
as
one
of
seven
defendants
including
two
unidentified
people
and
Binance,
the
largest
crypto
exchange
by
volume
traded.
The
case
against
Binance
was
settled,
according
to
the
filing.