In Ping Fai Yuen v Fun Yung Li & Another [2026] EWHC 532 (KB), the High Court has found that a victim of cryptocurrency theft cannot pursue a remedy in the tort of conversion. This is because OBG v Allan [2007] UKHL 21 is binding authority that only tangible assets can
Victims of cryptocurrency theft cannot pursue claims in conversion
The judgment raises the question of whether there should be legislation to make a conversion-like cause of action apply to cryptocurrency.