China wants 61,800 Bitcoin seized in UK over $5.7B fraud

Chinese prosecutors have moved to confiscate more than 61,800 Bitcoin and other assets linked to a 40.38 billion yuan ($5.7 billion) investment fraud involving Qian Zhimin, who is currently serving a prison sentence in the UK. Chinese prosecutors have moved to confiscate more than 61,800 Bitcoin linked to a $5.7 billion investment fraud involving over 102,000 investors. The assets are tied to Qian Zhimin, who fled China in 2017 and was later sentenced to 11 years and eight months in prison in the UK.