16 October 2025

Court hearing: UK prosecutors aim to confiscate ~$6.8B in bitcoin tied to a massive 2017 fraud in China and to pay back Chinese investors that were its victims (Upmanyu Trivedi/Bloomberg)

Upmanyu Trivedi / Bloomberg:
Court hearing: UK prosecutors aim to confiscate ~$6.8B in bitcoin tied to a massive 2017 fraud in China and to pay back Chinese investors that were its victims  —  UK prosecutors are looking to confiscate Bitcoin worth about $6.8 billion tied to a massive fraud in China uncovered at criminal trials …

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