China is seeking to confiscate nearly 61,900 $BTC worth around $5 billion.
The case also involves millions of $XRP , over 70 million DOGE and large amounts of BCH , BTG and BSV seized by UK authorities.
These assets are linked to a massive investment fraud that reportedly affected more than 102,000 investors.
Important: the confiscation is not final yet. The Chinese court has accepted the application, while further proceedings will determine ownership and how much may be returned to victims.
One of the largest crypto seizure cases in history is now moving through the courts. 👀
#BTC Price Analysis# #Macro Insights# #Crypto
The case also involves millions of $XRP , over 70 million DOGE and large amounts of BCH , BTG and BSV seized by UK authorities.
These assets are linked to a massive investment fraud that reportedly affected more than 102,000 investors.
Important: the confiscation is not final yet. The Chinese court has accepted the application, while further proceedings will determine ownership and how much may be returned to victims.
One of the largest crypto seizure cases in history is now moving through the courts. 👀
#BTC Price Analysis# #Macro Insights# #Crypto