UK Could Sell $5 Billion in Seized Bitcoin After Court Ruling

The post UK Could Sell $5 Billion in Seized Bitcoin After Court Ruling appeared first on Coinpedia Fintech News

A London High Court has ruled that Chinese law applies to claims by victims seeking the 61,000 Bitcoin seized from fraudster Zhimin Qian. The Bitcoin, mostly acquired between 2014 and 2017, is now worth about $5 billion. The ruling could limit victims’ claims to the original value of their losses, leaving more of the price …