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China Seeks 61,896 Bitcoin as $5.7B Fraud Case Takes New Turn

By Maxwell Mutuma at 2026-10-23 00:24

Sentiment: Negative

TLDR Chinese prosecutors seek to confiscate 61,896 Bitcoin linked to a 40.378 billion yuan ($5.7 billion) fraud case. Prosecutors allege that Qian Zhimin’s investment scheme caused losses exceeding 19.977 billion yuan. British authorities seized more than 61,800 BTC and other assets linked to the case. A UK High Court ruling requires Chinese law to govern [...] The post China Seeks 61,896 Bitcoin as $5.7B Fraud Case Takes New Turn appeared first on CoinCentral. Continue reading...

Categories: Finance

Tags: #Finance #Bitcoin #china #UK

Source Coin Central