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Blue pill or red pill? Into the Tulip Trading rabbit hole
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If someone steals my 10 pound note, I would have to go after that person to recover it. Digital money is different since victims might also be able to ask a bank to intervene. But what about where Bitcoin (or its private key) is stolen? Since Bitcoin is (meant to be) decentralised, there is no bank. But should Bitcoin software developers intervene? In Tulip Trading Limited v Van Der Laan and ors [2023] EWCA Civ 83, the Court of Appeal said they might have to. This article disagrees (the views are the author’s own).
Key points
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