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China Targets 61,896 Bitcoin Still Held by British Authorities: Report

Josh1 min read

Chinese and British flags side by sideChinese prosecutors are seeking to confiscate 61,896 bitcoin worth approximately $5.1 billion, currently held by British authorities, after one of the world’s largest cryptocurrency seizures. The assets trace back to Qian Zhimin, convicted in Britain for handling criminal proceeds from a Chinese investment fraud. A recent U.K. court ruling has complicated the battle over who […]

Source: https://news.bitcoin.com/regulation-and-legal/china-targets-61896-bitcoin-still-held-british-authorities-report/

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