China’s Decision Impacts Bitcoin, XRP, and Three Altcoins as Legal Battle Over Billions in Assets Continues
Key Highlights: Chinese authorities are moving to confiscate 61,896 Bitcoins valued at billions of dollars. The cryptocurrency assets are connected to a massive fraudulent fundraising scheme that defrauded investors of roughly 20 billion yuan. Legal proceedings regarding the case and the disposition of the seized funds are currently underway in a Tianjin court. Tianjin Court ...