China Moves to Confiscate $5 Billion in Bitcoin From Fraudster Who Fled to UK: Report

China is reportedly initiating moves to confiscate a substantial sum of Bitcoin, approximately $5 billion, from an alleged fraudster. The individual in question reportedly fled to the United Kingdom, having attempted to escape with nearly 62,000 bitcoins. This news report was originally published by Bitcoin Magazine and is attributed to Mathew Di Salvo.