UK Seizes Record $7.35 Billion Bitcoin in Major Fraud Case

In a significant move, UK authorities have seized a record 61,000 Bitcoin (BTC) worth approximately $7.35 billion in connection with a major fraud case involving Chinese national Zhimin Qian in London. The seizure represents the largest single cryptocurrency seizure in history and stems from a scheme targeting Chinese victims. This event raises crucial questions regarding asset disposal and its impact on both international legal proceedings and the Bitcoin market’s financial dynamics.