China Moves to Seize 61,800 BTC Linked to $5.7B Fraud Case

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Chinese prosecutors are seeking to confiscate more than 61,800 bitcoin connected to a fraud scheme valued at $5.7 billion. The move comes just days after a U.K. court determined that Chinese law applies to victims' claims on the digital assets. The case highlights a jurisdictional contest over the seized cryptocurrency between the two countries' legal systems. The article does not specify further details about the timeline or the individuals involved.

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