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ZEC $1,146 Bitcoin · News brief
Prosecutors also sought about 72,746 units each of Bitcoin Cash
Prosecutors also sought about 72,746 units each of Bitcoin Cash, Bitcoin Gold and Bitcoin SV, around 3.6 million XRP and some 70 million Dogecoin, which UK…
Key takeaways
- Prosecutors also sought about 72,746 units each of Bitcoin Cash, Bitcoin Gold and Bitcoin SV, around 3.6 million XRP and some 70 million Dogecoin, which UK authorities had already converted and placed in an interest-bearing account.
What happened
Prosecutors also sought about 72,746 units each of Bitcoin Cash, Bitcoin Gold and Bitcoin SV, around 3.6 million XRP and some 70 million Dogecoin, which UK authorities had already converted and placed in an interest-bearing account.
First $84.4KLatest $79.4K-6.0% over the period
Points are daily observations, not closing prices.
Why it matters
The Crown Prosecution Service is pursuing civil recovery that would let the UK government keep the assets if victims cannot establish ownership rights.
What the data shows
Fieldfisher, which represents the claimants, said it is seeking to appeal.
British prosecutors are separately pursuing civil recovery under the Proceeds of Crime Act, and the High Court has yet to decide the competing claims.
Roughly 16,000 victims have reportedly joined the British recovery proceedings, where claims over Bitcoin ownership remain unresolved.
Background
British investigators began tracing the funds in 2018 after receiving intelligence about suspected criminal assets.
Questions readers ask
What other assets does the application cover?
Prosecutors also target Bitcoin Cash, Bitcoin Gold, Bitcoin SV, XRP and Dogecoin, plus cash, jewelry, bank balances and investment portfolios; reports say the Dogecoin has already been sold by UK authorities.
Sources · 7 publishers
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China seeks to seize 61,800 BTC tied to $5.7 billion fraud scheme -
China wants 61,800 Bitcoin seized in UK over $5.7B fraud -
Crypto News : China to Seize 61,896 Bitcoin in $5.6 Billion Fraud Case
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Chinese Prosecutors Seek to Confiscate $5.1B in Bitcoin Seized by UK in Qian Case -
China Targets 61,896 Bitcoin Still Held by British Authorities: Report -
China Moves to Confiscate $5 Billion in Bitcoin From Fraudster Who Fled to UK: Report -
Chinese Prosecutors Seek Confiscation of 61,896 BTC Seized in UK From Massive Fraud: Report
