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Digital Assets

Chinese Prosecutors Seek 61,800 Bitcoin in $5.7B Fraud Case

A U.K. court ruled Chinese law governs victim claims to the digital assets, clearing the way for asset seizure.

The Digital Assets Desk

Gokhshtein Media

October 24, 2026

3 min read

Fact-checked before publicationHuman-reviewedCorrections

Chinese Prosecutors Seek 61,800 Bitcoin in $5.7B Fraud Case

Edwin.images / Wikimedia Commons (CC BY-SA 4.0)

Key Points

Chinese prosecutors are moving to confiscate more than 61,800 Bitcoin tied to a $5.7 billion fraud scheme under investigation.
The move represents a significant enforcement push in a high-profile case involving substantial on-chain holdings.

Chinese prosecutors are moving to confiscate more than 61,800 Bitcoin tied to a $5.7 billion fraud scheme under investigation. A U.K. court determined that Chinese law applies to claims made by victims regarding the digital assets, enabling the seizure action.

The move represents a significant enforcement push in a high-profile case involving substantial on-chain holdings.

The Digital Assets Desk

Gokhshtein Media

The Digital Assets Desk covers Bitcoin, crypto markets, tokens, exchanges, and the intersection of digital assets with macro policy and regulation. About this desk →

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