China Seeks UK Seizure of 61,800 Bitcoin Linked to $5.7 Billion Fraud
Photo: TheCoinrise
Authorities in Beijing are pursuing a court order in the United Kingdom to confiscate a massive Bitcoin holding tied to an alleged fraud scheme. Chinese authorities have moved to seize 61,800 Bitcoin held in the United Kingdom. The holding is tied to an alleged fraud scheme valued at $5.7 billion, according to reports from CoinDesk and crypto.news. The scale of the seizure request is notable. At current market valuations, a holding of that size would rank among the largest Bitcoin confiscation efforts pursued by any government to date.
Source: TheCoinrise
