Chinese prosecutors are seeking to confiscate more than 61,800 Bitcoin and other assets linked to a 40.378 billion yuan, or about $5.7 billion, investment fraud involving more than 102,000 investors. The case centers on Qian Zhimin and Tianjin Lantian Gerui Electronic Technology, which allegedly raised funds through unlicensed wealth-management products promising guaranteed principal and returns of up to 300% between April 2014 and August 2017. Investors suffered combined losses exceeding 19.9 billion yuan, while prosecutors allege that funds were used to repay earlier investors, finance fictitious projects and buy cryptocurrency, property, vehicles and luxury goods. The Tianjin No. 2 Intermediate People’s Court accepted the confiscation application on Sept. 28 and announced it on Oct. 13, opening a six-month period for victims and other interested parties to participate. The assets include more than 72,700 Bitcoin Cash, over 3.6 million XRP, Bitcoin Gold, Bitcoin SV, Dogecoin and other holdings. Qian fled China in July 2017 and later entered the U.K. under the name Yadi Zhang; British authorities recovered devices and private keys linked to the cryptocurrency in 2018. She pleaded guilty to money-laundering offenses in September 2025 and was sentenced to 11 years and eight months at Southwark Crown Court on Nov. 11. A U.K. High Court ruling said Chinese law governs the underlying ownership claims, but did not determine whether individual investors are entitled to the Bitcoin or any appreciation in its value. About 16,000 victims have reportedly joined the British proceedings, while some lawyers are pursuing an appeal and British prosecutors separately seek civil recovery of the assets.