Chinese Prosecutors Seek Confiscation of 61,896 Bitcoin in Qian Case

Chinese prosecutors in Tianjin have applied to confiscate 61,896 Bitcoin tied to the Qian case, with the filing providing for victim restitution. Ownership claims to the coins, which are held in the UK, must still be assessed under Chinese law. The move signals continued state seizure of large BTC holdings in China and raises questions over how roughly 62,000 coins could eventually be liquidated or redistributed, a supply overhang traders will watch.