King's / Queen's Bench Division of the High Court

KB-2024-001295 - [2025] EWHC 3000 (KB)

Fecha: 14-Nov-2025

(c): Additional efforts undertaken to conceal the origin of the Property and its connection to the D1

(c): Additional efforts undertaken to conceal the origin of the Property and its connection to the D1

112.

As noted at [26]-[33] above, further steps were taken before the cryptocurrency arrived in the Binance and Coinbase accounts of D2 and D3 to conceal their origin and who was holding/moving it. This included (i) the use of crypto-mixers; (ii) the use of anonymised cryptocurrency exchanges; and (iii) the use of additional proxies such as Mr McCreath and in all probability, Mr Vorhin and Mr Federovic.

Heading
Introduction
The evidence
The factual background in overview
(ii): D2 and D3
More detail on the source of the funds in the accounts
The legal framework
The procedural history prior to the 9 June 2025 hearing
The Case Management Conference (“CMC”) on 18 March 2025
Events between the CMC and 9 June 2025
The 9 June 2025 hearing
Proceeding in the absence of D2 and D3
Service of the hearing papers on D1
Events after the 9 June 2025 hearing
The 11 November 2025 hearing
Analysis and decision
(ii): The location of the Property
(iii): “Recoverable property”
(a): The nature of the Property itself
(b): The way the Property is held
(c): Additional efforts undertaken to conceal the origin of the Property and its connection to the D1
(d): The US offences
(f): The lack of any evidence in response to the Claimant’s case
Conclusions