British national Ping Fai Yuen alleges that his estranged wife used a CCTV camera to steal over 2,323 Bitcoin worth approximately $172 million. Court records state that the wife secretly recorded his backup seed phrase — which grants access to his crypto hardware wallet — in 2023. He had previously attempted to have the case dismissed by arguing about the legal classification of Bitcoin, but a judge has now allowed the case to proceed. Yuen reportedly collected audio recordings and other evidence, including conversations about the difficulties of converting those Bitcoins into regular currency. This case highlights the security risks in crypto and demonstrates that even hardware wallets — widely considered highly secure — can be easily compromised if someone gets hold of the seed phrase. Ref: Fossbytes