UK could retain much of $5B Bitcoin seizure after High Court backs Chinese law in fraud case

A High Court decision that Chinese law governs victims' property claims could leave the UK holding most of a 61,000 Bitcoin windfall The UK government just got a lot closer to keeping one of the largest Bitcoin hoards ever seized by a state. A High Court judge has ruled that Chinese law, not English law, will govern the property claims of victims in the Zhimin Qian fraud case. That matters because roughly 61,000 Bitcoin sit at the center of the dispute. The stash is valued at somewhere between £3.8 billion and £5 billion.

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