Chinese Prosecutors Seek 61,896 BTC Held in UK Over Qian Fraud
• Tianjin prosecutors seek 61,896 BTC (~$5.1B) tied to Zhimin Qian's fraud case; the court accepted it Sept. 28 and published notice Oct. 13
• Also targeted: ~72,746 each of BCH, BTG and BSV, 3.6M XRP and 70M DOGE
• The UK High Court ruled Oct. 12 that Chinese law governs victims' claims, but ownership is undecided and a six-month notice period applies
The coins remain in UK hands and the fight is far from over, so this is a legal-risk story rather than an immediate supply event. Not financial advice, DYOR.
$BTC #Bitcoin
• Tianjin prosecutors seek 61,896 BTC (~$5.1B) tied to Zhimin Qian's fraud case; the court accepted it Sept. 28 and published notice Oct. 13
• Also targeted: ~72,746 each of BCH, BTG and BSV, 3.6M XRP and 70M DOGE
• The UK High Court ruled Oct. 12 that Chinese law governs victims' claims, but ownership is undecided and a six-month notice period applies
The coins remain in UK hands and the fight is far from over, so this is a legal-risk story rather than an immediate supply event. Not financial advice, DYOR.
$BTC #Bitcoin