CryptoDecryptabout 1 hour ago
China Seeks to Confiscate $5.1B Bitcoin
3 min read
Chinese prosecutors applied to confiscate 61,896 BTC worth about $5.1 billion seized in the UK from Zhimin Qian. A Tianjin court accepted the case on September 28 regarding fraud involving 102,000 investors. The High Court ruled Chinese law governs claims on October 12, affecting victims who lost about 19.98 billion yuan.
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