Liquidators sought instructions from the court docket on whether or not the crypto held by Gatecoin needs to be handled as property held on belief or “if no belief existed, the digital belongings needs to be made out there to the overall physique of collectors,” in keeping with the Hogan Lovells report. The trade held crypto upwards of 140 million Hong Kong {dollars} ($17.8 million) in October 2022, the report mentioned.
