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UK Moves to Return $6.8 Billion in Bitcoin to Victims of China Fraud

UK prosecutors are looking to confiscate Bitcoin worth about $6.8 billion tied to a massive fraud in China uncovered at criminal trials, as they plan a victim compensation plan to repay duped investors. The UK police unearthed 61,000 Bitcoin in 2018 during a money laundering investigation against two Chinese women linked to the fraud that impacted around 128,000 investors. Prosecutors are planning a victim compensation program, a lawyer said during a court hearing on Wednesday while several inve...

Read more at bloomberg.com

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