China Seeks to Seize 61,800 Bitcoin Tied to $5.7 Billion Fraud Scheme
Key Highlights: Chinese prosecutors are pursuing the recovery of over 61,800 Bitcoin tied to a 40.378 billion yuan ($5.7 billion) wealth-management fraud. The scheme, orchestrated via Tianjin Lantian Gree Electronic Technology under Qian Zhimin, targeted over 102,000 victims before collapsing. Following Qian’s flight to the United Kingdom, British law enforcement seized the hoard of Bitcoin ...