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China Opens Forfeiture Proceedings for 61,896 BTC Tied to Qian Zhimin Case

China Opens Forfeiture Proceedings for 61,896 BTC Tied to Qian Zhimin Case

Photo: Crypto Economy

TL;DR Chinese authorities opened forfeiture proceedings seeking 61,896.41552945 BTC and other assets linked to the Qian Zhimin case after a Tianjin court accepted prosecutors’ application. Prosecutors allege the scheme raised more than 40.378 billion yuan and left over 102,000 participants with combined losses exceeding 19.977 billion yuan. A six-month notice period allows relatives and interested ... Read more

Source: Crypto Economy

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