Policy
Fraud Victims Hit Legal Wall in Britain’s $5B Bitcoin Battle
Bitcoin.com News·October 13, 2026·1 min read
A British High Court ruling on Oct. 12 dealt a setback to Chinese fraud victims seeking ownership of over 61,000 bitcoin seized by London police, now worth about $5 billion. The haul originated from a Ponzi scheme by convicted fraudster Zhimin Qian. The decision places Chinese law at the center of the dispute.
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