CryptoApe

#ChinaSeeksToSeize61800BTC 🇨🇳 China Moves to Claim 61,800 BTC Held in the UK ⚖️ Chinese prosecutors want to confiscate 61,800+ BTC tied to Qian Zhimin's alleged 40.38B yuan (~$5.7B) fraud 📅 A Tianjin court accepted the request Sept 28 and announced it Oct 13 ⏳ Victims and other parties have 6 months to join the case 👥 The 2014-2017 scheme hit 102,000+ investors, with losses near 20B yuan 🇬🇧 The coins sit with UK authorities after police seized them in 2018 📜 A UK High Court just ruled Chinese law governs victims' ownership claims 📊 At ~$82K, 61,800 BTC is worth about $5.07B What it means for Bitcoin: accepting the request does not move any coins. The real question is who ends up holding them, and whether any of it is ever sold, a decision that could take years. Should seized BTC go back to victims, or stay with the state? 👇 $BTC #CryptoNews #Bitcoin #China #ChinaSeeksToSeize61800BTC