
The UK government has seized 61,000 Bitcoins from a Chinese fraudster as part of a years-long money laundering investigation. These Bitcoins are linked to a multibillion-dollar fraud case involving the electronics company Tianjin Lantian Gerui Electronic Technology, which defrauded victims of $6.2 billion from 2014 to 2017. Chinese fraud victims are now seeking the return of their funds, amounting to approximately £3 billion or $4.3 billion. However, legal experts have expressed concerns over the difficulties these victims may face in recouping their cash from the seized assets.
Chinese Fraud Victims Seek Government Aid in Recovering 61,000 #BTC Seized by UK Law Enforcement #cryptocurrency https://t.co/rxVB5fOFOv
NEW: Scam victims are asking the governments of 🇬🇧 UK and 🇨🇳 China for help to recover 61K #Bitcoin (💵 $4.3B) seized by the British govt. The victims were defrauded by the electronics company Tianjin Lantian Gerui Electronic Technology in a $6.2B scheme from 2014 to 2017. https://t.co/Q5qmzYGfEk
JUST IN: CHINESE FRAUD VICTIMS DEMAND RETURN OF $4.3 BILLION IN #BITCOIN FROM UK GOVERNMENT
