
B.C. court grants production order to man defrauded out of $26 million in bitcoin
VANCOUVER — A B.C. Supreme Court judge has granted production orders to name cryptocurrency account holders to a man who claims he lost $26 million in bitcoin in a fraud connected to a person who claimed to live in Vancouver.
The court ruling posted Thursday was issued last month involving Lixiao Wang, who petitioned the court for a production order against cryptocurrency platforms Binance and Coinbase.
The ruling says Wang was contacted over WhatsApp in early 2024 by someone claiming to be a “cryptocurrency investment expert” in Vancouver, and Wang eventually transferred $26 million in bitcoin to an account on a website.
The ruling says Wang “became suspicious” when he lost access to his account and the site’s support team told him to deposit millions more to perform a “security audit” required to unlock his account.