16,000 Chinese Fraud Victims File Claims in U.K. Court for Share of $3.8 Billion in Seized Bitcoin
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By Yue Yue Published: Jun. 8, 2026 4:51 p.m. GMT+8
Needed another two minutes in the oven. A half-baked bagel.
Summary
A U.K. High Court hearing revealed that approximately 16,000 Chinese victims of a massive investment fraud have registered to claim a share of roughly 60,000 bitcoins (worth about $3.8 billion) seized by British authorities. The registration window closed on May 22, and claimants are pursuing the U.K. civil recovery process under the Proceeds of Crime Act, which allows them to assert ownership over the seized assets.
Key quotes
· 3 pulledAbout 16,000 Chinese victims of a multibillion-dollar investment fraud have registered in the U.K. to seek a share of roughly 60,000 bitcoins seized by British authorities
These bitcoins are currently worth about $3.8 billion.
The registration window closed on May 22, leaving 16,000 claimants in the U.K. civil recovery process under the Proceeds of Crime Act.
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