Crypto
China seeks forfeiture of crypto worth about $5 billion in investment fraud case
Chinese authorities have started procedures to confiscate about $5 billion worth of bitcoin and millions of units of XRP and dogecoin linked to a major investment fraud case, a blockchain outlet reported. A Tianjin court accepted an application to forfeit crypto seized from Chen Zhimin, who was convicted of money laundering. The seizure list includes 61,896.41552945 bitcoin and other tokens. Assets also include cash, jewellery, deposits and portfolios.
