According to Decrypt, Chinese prosecutors are seeking to confiscate approximately $5.1 billion worth of Bitcoin that was seized by authorities in the United Kingdom as part of the Qian case. A Tianjin court is scheduled to hear the application after a six‑month notice period has elapsed. Meanwhile, a parallel dispute over the same coins is being pursued in London.
The request from Chinese officials concerns Bitcoin that UK authorities took during their investigation. The Tianjin court’s hearing follows the required notice period. In London, separate proceedings continue concerning ownership or disposition of the seized assets.
