Crypto

China Moves to Seize 61,800 Bitcoin in $5.7 Billion Fraud Case

Guavy AI Editorial Team Published October 22, 2026

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BTC SEI

Chinese prosecutors are taking steps to seize over 61,800 Bitcoin linked to a massive fraud case involving Qian Zhimin, the accused controller of Tianjin Lantian Gree Electronic Technology. The fraud scheme allegedly involved 40.378 billion yuan ($5.7 billion) and affected more than 102,000…

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