China seeks to seize 61,800 BTC tied to $5.7 billion fraud scheme
3 days ago · CoinDesk
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This move signals a major shift in how international courts handle cross-border crypto seizures, setting a precedent for state-led asset recovery in massive fraud cases.
This move signals a major shift in how international courts handle cross-border crypto seizures, setting a precedent for state-led asset recovery in massive fraud cases.
Chinese prosecutors are moving to seize over 61,800 Bitcoin linked to a $5.7 billion investment fraud, following a U.K. court ruling that established Chinese law as the governing authority for victim claims.
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