A court in Qingdao, China, upheld a 10-year and 9-month prison sentence in a case involving the theft of 107 Bitcoin worth more than 22.54 million yuan. Prosecutors said the defendant used a wallet mnemonic obtained during wallet registration to transfer the Bitcoin through multiple transactions and convert more than CNY 660,000 across multiple platforms. The appellate court rejected the appeal in November 2025 and affirmed the original verdict. The case is notable because it recognized Bitcoin’s property attributes under Chinese criminal law, meaning the asset was treated as property in a theft prosecution.