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China wants 61,800 Bitcoin from UK’s $5.7B fraud case. Who has the right to them?

Picture: TheStreet Crypto

Chinese prosecutors have asked a court in Tianjin to confiscate more than 61,800 Bitcoin linked to a $5.7 billion investment fraud, opening a jurisdictional contest with the United Kingdom, where the coins are held. As per a report by Chinese financial outlet Yicai, the Tianjin No. 2 Intermediate People's Court took up the case on September 28 and has given victims and other interested parties six months to participate. The request goes beyond Bitcoin.

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