China seeks to seize 61,800 BTC tied to $5.7 billion fraud scheme

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Chinese prosecutors are seeking to confiscate more than 61,800 Bitcoin tied to a $5.7 billion fraud scheme, days after a U.K. court ruled Chinese law governs victims’ claims to the coins.

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CoinDesk

CoinDesk is an American news site specializing in bitcoin and digital currencies. Founded by Shakil Khan, the firm also provides guides to bitcoin for those new to digital currencies.

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About China

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Capital

Beijing

Region

East Asia & Pacific

Income level

Upper middle income

ISO code

CHN

Data: World Bank

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Countries mentioned

China