Chinese Prosecutors Seek to Confiscate $5.1B in Bitcoin Seized by UK in Qian Case
Summary
Chinese authorities are asking a Tianjin court to seize billions of dollars worth of Bitcoin previously confiscated by officials in the United Kingdom. This legal action involves the Qian case and will proceed following a six-month notice period. Meanwhile, a separate legal battle regarding the ownership of these digital assets is still underway in London.
A Tianjin court will hear the application after a six-month notice period, while a parallel fight over the same coins continues in London.
Source: Read the full story at Decrypt
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