Chinese Prosecutors Seek to Confiscate $5.1B in Bitcoin Seized by UK in Qian Case

Chinese prosecutors are initiating legal proceedings in a Tianjin court to confiscate approximately $5.1 billion worth of Bitcoin that was previously seized by UK authorities in connection with the Qian case. This legal action will commence after a six-month notice period. This development signifies a complex international legal battle, as a parallel dispute over the ownership and disposition of these same Bitcoin assets is already ongoing in London.