China Targets 61,896 Bitcoin Still Held by British Authorities: Report
AI summary
Chinese prosecutors are reportedly seeking to confiscate 61,896 bitcoin, worth roughly $5.1 billion, that British authorities currently hold after one of the largest crypto seizures on record. The coins trace back to Qian Zhimin, convicted in Britain over proceeds from a Chinese investment fraud, and a recent UK court ruling has complicated the dispute over ownership. Traders would watch for signs of how the seized coins might eventually be liquidated or returned, since a sale of that size could weigh on BTC sentiment.
Narrative history
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2H AGOYou’re reading thisChina Targets 61,896 Bitcoin Still Held by British Authorities: ReportBitcoin.com News · Score 65
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7H AGODecrypt · Score 72 · via Qian case, prosecutors seek
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11H AGOThe Defiant · Score 55 · via 61,896, 61,896 Bitcoin
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11H AGOCoinDesk · Score 65 · via prosecutors seek, prosecutors
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15 OCT · 17:51Crypto Briefing · Score 55 · via claims 61000, court Chinese
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13 OCT · 20:40CryptoPotato · Score 45 · via Chinese law, law governs
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13 OCT · 17:31The Defiant · Score 45 · via governs victims, Chinese
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13 OCT · 15:55Bitcoin.com News · Score 25 · via victims claim, victims
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13 OCT · 15:40CryptoSlate · Score 25 · via UK court, court
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13 OCT · 11:38The Block · Score 60 · via court Chinese, Chinese law
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13 OCT · 10:51Decrypt · Score 59 · via UK court, victims
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13 OCT · 09:03Cointelegraph · Score 47 · via 61000 Bitcoin, 61000
