CryptoMedium•22 October 2026•
1 min read
China Seeks Seizure of 61,800 Bitcoin Linked to $5.7 Billion Fraud
Key Facts
1Chinese prosecutors are seeking to confiscate over 61,800 Bitcoin linked to a $5.7 billion fraud scheme.
2A U.K. court ruled that Chinese law governs victims' claims to the seized cryptocurrency.
Chinese prosecutors are seeking to confiscate over 61,800 Bitcoin linked to a $5.7 billion fraud scheme. CoinDesk reported that a U.K. court ruled that Chinese law governs victims' claims to the seized cryptocurrency assets.
The legal move follows a victory in the United Kingdom where the court determined that Chinese jurisdiction applies to the distribution of funds recovered from the investment fraud. Separately, economic data released on October 19, 2026, showed China's Gross Domestic Product grew by 4.5% year-on-year, slightly above the 4.4% forecast.