China seeks to seize 61,800 BTC tied to $5.7 billion fraud scheme

CoinDesk · Thu, 22 Oct 2026 06:24:10 GMT

Hype 0/100 · Market impact 65/100 · Breaking 68/100

Tags: BTC

Prosecutors in China are seeking to confiscate more than 61,800 Bitcoin linked to a fraud scheme valued at $5.7 billion, days after a U.K. court ruled that Chinese law governs victims’ claims to the coins.

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