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Fraud Victims Hit Legal Wall in Britain’s $5B Bitcoin Battle

Josh1 min read

UK High Court.A British High Court ruling has dealt a significant setback to Chinese fraud victims seeking ownership of more than 61,000 bitcoin seized by London police. The cryptocurrency haul, now worth approximately $5 billion, originated from an enormous Ponzi scheme orchestrated by convicted fraudster Zhimin Qian. The Oct. 12 decision places Chinese law at the center […]

Source: https://news.bitcoin.com/regulation-and-legal/fraud-victims-hit-legal-wall-britain-5b-bitcoin-battle/

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