The Tianjin Second Intermediate People's Court has accepted a prosecution application to confiscate 61,896.41552945 bitcoins linked to criminal suspect Qian Zhimin in a fundraising fraud case. The seizure request also includes other virtual currencies, cash, jewelry, and financial assets tied to the alleged crime. Filed on September 28, the case centers on illegal fundraising activities primarily conducted in Hedong District, Tianjin. The court confirmed jurisdiction and sufficient evidence of fundraising fraud, accepting the confiscation application under Article 299 of China's Criminal Procedure Law.