📜 China seeks to seize 61,800 BTC linked to a $5.7 billion fraud scheme
Chinese prosecutors have requested the seizure of more than 61,800 Bitcoin connected to a $5.7 billion fraud scheme that affected over 102,000 investors. The move highlights growing regulatory pressure on crypto assets and could influence market perceptions of the safety of holding Bitcoin.
$BTC #CryptoNews
Source: CoinDesk · https://www.coindesk.com/markets/2026/10/22/china-seeks-to-seize-61-800-btc-tied-to-usd5-7-billion-fraud-scheme
Chinese prosecutors have requested the seizure of more than 61,800 Bitcoin connected to a $5.7 billion fraud scheme that affected over 102,000 investors. The move highlights growing regulatory pressure on crypto assets and could influence market perceptions of the safety of holding Bitcoin.
$BTC #CryptoNews
Source: CoinDesk · https://www.coindesk.com/markets/2026/10/22/china-seeks-to-seize-61-800-btc-tied-to-usd5-7-billion-fraud-scheme