💼 The Singapore High Court's General Division affirmed cryptocurrencies as property, acknowledging that "the holder of a crypto asset has, in principle, an incorporeal right of property, recognized by common law as a thing in action and enforceable in court."

The landmark case involved exchange Bybit suing Ms. Ho, who handled salary payments, for transferring a substantial amount of USDT to her undisclosed address. The court ruled in favor of Bybit, ordering Ms. Ho to promptly return the transferred funds along with interest.

#Cryptocurrency #LegalRuling #PropertyRights