The UK government is pursuing the retention of approximately 61,000 Bitcoin, valued at around $7 billion, seized in 2018. The case's main perpetrator, Chinese national Qian Zhiming, has pleaded guilty in London. With about 120,000 victims involved, civil lawsuits have been filed seeking compensation. The Crown Prosecution Service (CPS) has initiated a civil recovery process in the High Court, with the first hearing scheduled for January 2026. Legal experts suggest victims may only recover the original £640 million lost, while the substantial appreciation may remain with the UK government.
UK Seeks to Retain $7 Billion in Seized Bitcoin from 2018 Case
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