Video thumbnail for China moves to seize 61,800 Bitcoin in $5.7B fraud case

China moves to seize 61,800 Bitcoin in $5.7B fraud case

Oct 22, 2026
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Chinese prosecutors are moving to confiscate more than 61,800 bitcoin linked to an alleged $5.7 billion wealth-management fraud run by Qian Zhimin. The coins, seized in the UK after he fled China, could be worth far more today than when they were taken. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."