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
3 min read
The judgment raises the question of whether there should be legislation to make a conversion-like cause of action apply to cryptocurrency.