China seeks to seize 61,800 BTC tied to $5.7 billion fraud scheme
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CoinDesk: Bitcoin, Ethereum, Crypto News and Price Datafirst seen
China seeks to seize 61,800 BTC tied to $5.7 billion fraud scheme
Chinese prosecutors are seeking to confiscate more than 61,800 Bitcoin tied to a $5.7 billion fraud scheme, days after a U.K. court ruled Chinese law governs victims’ claims to the coins.
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CoinDesk Podcast Network
China Moves to Seize 61,800 Bitcoin in $5.7B Fraud Case | CoinDesk Daily
China to seize 618,00 BTC in fraud case. Chinese prosecutors are moving to confiscate more than 61,800 bitcoin linked to an alleged $5.7 billion wealth-management fraud run by Qian Zhimin. The coins, seized in the UK after he fled China, could be worth far more today than when they were taken. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - This episode…
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Bitcoin Magazine
China Moves to Confiscate $5 Billion in Bitcoin From Fraudster Who Fled to UK: Report
Bitcoin Magazine China Moves to Confiscate $5 Billion in Bitcoin From Fraudster Who Fled to UK: Report Chinese authorities are working to seize nearly 62,000 bitcoins — worth around $5 billion at today’s prices — linked to one of the country’s largest-ever fraud cases. Prosecutors allege that Qian Zhimin, the alleged controller of Tianjin Lantian Gerui Electronic Technology, recruited associates…
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The Daily Hodl
Chinese Prosecutors Seek Confiscation of 61,896 BTC Seized in UK From Massive Fraud: Report
Chinese prosecutors are seeking to confiscate over 61,000 Bitcoin and related assets seized by UK authorities from a massive international fraud scheme. The Tianjin No.2 Intermediate People’s Court accepted the application by the Tianjin Municipal People’s Procuratorate No.2 Branch on Sept. 28 to confiscate illegal proceeds including 61,896.41552945 BTC plus other virtual currencies, cash, jewelry, and financial assets. The assets…