The post Zimbabwean Doctor Pushes for Appeal in $550,000 Crypto Theft Case appeared on BitcoinEthereumNews.com. A prominent Zimbabwean eye specialist is demandingThe post Zimbabwean Doctor Pushes for Appeal in $550,000 Crypto Theft Case appeared on BitcoinEthereumNews.com. A prominent Zimbabwean eye specialist is demanding

Zimbabwean Doctor Pushes for Appeal in $550,000 Crypto Theft Case

A prominent Zimbabwean eye specialist is demanding legal action after two suspects accused of stealing over $550,000 in cryptocurrency walked free from court. Dr. Solomon Guramatunhu has called on the National Prosecuting Authority to challenge the acquittal of Lloyd and Melissa Chiyangwa.

The case centers on digital assets allegedly transferred from Dr. Guramatunhu’s crypto wallets. Regional magistrate Marehwanazvo Gofa dismissed the fraud charges on technical grounds. The court ruled that cryptocurrency does not qualify as legal tender in Zimbabwe, making a fraud conviction impossible under current law.

Dr. Guramatunhu’s legal team strongly disputes this interpretation. His lawyer, Admire Rubaya, argues the magistrate confused property rights with currency status. The defense maintains that digital assets constitute property under Zimbabwean law, regardless of their recognition as legal tender.

The magistrate’s decision hinged on the legal status of cryptocurrency in Zimbabwe. Without recognition as official currency, the court determined that digital assets could not form the basis of fraud charges. This interpretation shocked Dr. Guramatunhu and his legal representatives.

Rubaya submitted detailed arguments challenging the verdict. He contends that cryptocurrency tokens represent incorporeal rights—intangible property vested in an individual. These rights relate to movable property under Zimbabwean law. The lawyer emphasizes that such property can be unlawfully taken, even without legal tender status.

The defense points to cryptocurrency’s convertibility as evidence of its value. Digital assets can be exchanged for foreign currencies, including US dollars. Rubaya argues this demonstrates their monetary worth beyond Zimbabwe’s legal tender definitions.

He references Section 112 of the Criminal Law Codification and Reform Act. The statute mentions accounts without limiting the definition to traditional bank accounts. Rubaya maintains that cryptocurrency accounts fall within this legal framework. Entries in these accounts represent property capable of theft.

Dr. Guramatunhu’s lawyers are pushing for expanded legal definitions. They argue that controlling a cryptocurrency account equals controlling the assets within it. This control represents an incorporeal right that can be stolen.

The legal team alleges the Chiyangwas deliberately transferred digital assets without authorization. They claim the suspects moved cryptocurrency from Dr. Guramatunhu’s wallets to their own accounts. According to Rubaya, this action constitutes the intentional and unlawful appropriation of property.

“The Chiyangwas connived to unlawfully and intentionally assume title in relation to Dr. Guramatunhu’s incorporeal right to exercise title to the cryptocurrency tokens,” Rubaya stated in his appeal letter.

Source: https://coinpaper.com/13233/court-says-550-k-crypto-theft-isn-t-a-crime-victim-fights-back

Market Opportunity
FreeRossDAO Logo
FreeRossDAO Price(FREE)
$0.00012414
$0.00012414$0.00012414
+0.43%
USD
FreeRossDAO (FREE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Will Bitcoin Soar or Stumble Next?

Will Bitcoin Soar or Stumble Next?

The post Will Bitcoin Soar or Stumble Next? appeared on BitcoinEthereumNews.com. With the Federal Reserve’s forthcoming decision on interest rates causing speculation, Bitcoin‘s value remains stable at $115,400. China’s surprising maneuvers in the financial landscape have shifted expected market trends, prompting deeper examination by investors into analysts’ past evaluations regarding rate reductions. Continue Reading:Will Bitcoin Soar or Stumble Next? Source: https://en.bitcoinhaber.net/will-bitcoin-soar-or-stumble-next
Share
BitcoinEthereumNews2025/09/18 03:09
Cardano Latest News, Pi Network Price Prediction and The Best Meme Coin To Buy In 2025

Cardano Latest News, Pi Network Price Prediction and The Best Meme Coin To Buy In 2025

The post Cardano Latest News, Pi Network Price Prediction and The Best Meme Coin To Buy In 2025 appeared on BitcoinEthereumNews.com. Pi Network is rearing its head, and Cardano is trying to recover from a downtrend. But the go to option this fall is Layer Brett, a meme coin with utility baked into it. $LBRETT’s presale is not only attractive, but is magnetic due to high rewards and the chance to make over 100x gains. Layer Brett Is Loading: Join or You’re Wrecked The crypto crowd loves to talk big numbers, but here’s one that’s impossible to ignore: Layer 2 markets are projected to process more than $10 trillion per year by 2027. That tidal wave is building right now — and Layer Brett is already carving out space to ride it. The presale price? A tiny $0.0058. That’s launchpad level, the kind of entry point that fuels 100x gains if momentum kicks in. Latecomers will scroll through charts in regret while early entrants pocket the spoils. Layer Brett is more than another Layer 2 solution. It’s crypto tech wrapped in meme energy, and that mix is lethal in the best way. Blazing-fast transactions, negligible fees, and staking rewards that could make traditional finance blush. Stakers lock in a staggering 700% APY. But every new wallet that joins cuts into that yield, so hesitation is expensive. And let’s not forget the kicker — a massive $1 million giveaway fueling even more hype around the presale. Combine that with a decentralized design, and you’ve got something that stands out in a space overcrowded with promises. This isn’t some slow-burning project hoping to survive. Layer Brett is engineered to explode. It’s raw, it’s loud, it’s built for the degens who understand that timing is everything. At $0.0058, you’re either in early — or you’re out forever. Is PI the People’s Currency? Pi Network’s open mainnet unlocks massive potential, with millions of users completing…
Share
BitcoinEthereumNews2025/09/18 06:14
Another Nasdaq-Listed Company Announces Massive Bitcoin (BTC) Purchase! Becomes 14th Largest Company! – They’ll Also Invest in Trump-Linked Altcoin!

Another Nasdaq-Listed Company Announces Massive Bitcoin (BTC) Purchase! Becomes 14th Largest Company! – They’ll Also Invest in Trump-Linked Altcoin!

The post Another Nasdaq-Listed Company Announces Massive Bitcoin (BTC) Purchase! Becomes 14th Largest Company! – They’ll Also Invest in Trump-Linked Altcoin! appeared on BitcoinEthereumNews.com. While the number of Bitcoin (BTC) treasury companies continues to increase day by day, another Nasdaq-listed company has announced its purchase of BTC. Accordingly, live broadcast and e-commerce company GD Culture Group announced a $787.5 million Bitcoin purchase agreement. According to the official statement, GD Culture Group announced that they have entered into an equity agreement to acquire assets worth $875 million, including 7,500 Bitcoins, from Pallas Capital Holding, a company registered in the British Virgin Islands. GD Culture will issue approximately 39.2 million shares of common stock in exchange for all of Pallas Capital’s assets, including $875.4 million worth of Bitcoin. GD Culture CEO Xiaojian Wang said the acquisition deal will directly support the company’s plan to build a strong and diversified crypto asset reserve while capitalizing on the growing institutional acceptance of Bitcoin as a reserve asset and store of value. With this acquisition, GD Culture is expected to become the 14th largest publicly traded Bitcoin holding company. The number of companies adopting Bitcoin treasury strategies has increased significantly, exceeding 190 by 2025. Immediately after the deal was announced, GD Culture shares fell 28.16% to $6.99, their biggest drop in a year. As you may also recall, GD Culture announced in May that it would create a cryptocurrency reserve. At this point, the company announced that they plan to invest in Bitcoin and President Donald Trump’s official meme coin, TRUMP token, through the issuance of up to $300 million in stock. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/another-nasdaq-listed-company-announces-massive-bitcoin-btc-purchase-becomes-14th-largest-company-theyll-also-invest-in-trump-linked-altcoin/
Share
BitcoinEthereumNews2025/09/18 04:06