Chinese Prosecutors Seek to Confiscate $5.1B in Bitcoin Seized by UK in Qian Case
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Chinese fraud victims lose key court battle over 61,000 Bitcoin
Chinese fraud victims seeking to recover 61,000 seized Bitcoin face a legal setback after a UK court ruled that Chinese law governs their claims.
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A government wallet holding Bitcoin seized from the Bitfinex hacker sent 12,267 BTC to a new, unlabeled address, according to Arkham data.
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UK Moves Closer to Keeping $5B Bitcoin Haul After High Court Ruling
A judge ruled that Chinese law should govern fraud victims' claims to the 61,000 BTC seized from Zhimin Qian, in a blow to the claimants.
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