China Opens Confiscation Case for 61,896 Bitcoin Held in UK
Photo: TheNewsCrypto
Chinese prosecutors are seeking to confiscate 61,896 Bitcoin worth more than $5 billion, along with other cryptocurrency holdings and assets linked to a major investment fraud that affected more than 102,000 investors. The Tianjin No. 2 Intermediate People’s Court accepted the confiscation application on September 28 and published a notice on October 13, according to Chinese media reports . The Bitcoin was seized by British authorities in an investigation involving Zhimin Qian, who operated an illegal wealth-management scheme in China.
Also reported by Unchained.
Source: TheNewsCrypto
