The UK government has seized over 60,000 Bitcoins from Qian Zhimin, a leader of a Chinese Ponzi scheme, with the cryptocurrency's value now significantly exceeding the 48 billion yuan owed to victims. The legal complexities surrounding whether Chinese victims will receive only their principal or also a share of the appreciation remain unresolved. UK Chancellor has indicated the funds may be used to address public finance deficits. Qian, who aimed to hold 210,000 Bitcoins, was captured after a five-year hideout in the UK, following a transaction trail from her Bitcoin wallet to Binance.
UK Seizes 60,000 Bitcoins from Chinese Ponzi Scheme Leader
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