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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. A Tianjin court has opened confiscation proceedings, while British courts are yet to decide who actually owns the seized coins.

3 sources·10h ago

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