🇬🇧 UK Seizes $7B in Bitcoin—Now Wants to Keep It
In what’s now the world’s largest crypto seizure, the UK government holds 61,000
$BTC - valued at approximately $7.2 billion, after convicting Chinese national Zhimin Qian for orchestrating a massive Ponzi scheme that defrauded over 128,000 investors.
The UK is seeking to retain most of these assets, citing civil recovery proceedings. However, victims argue they should be compensated based on the current value of the Bitcoin, not the original amount invested. A High Court hearing is scheduled for January 2026 to determine the outcome.
This case raises significant questions about the future of seized crypto assets and their treatment under UK law.
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