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UK Considers Retaining $6.4 Billion Bitcoin From Chinese Fraud Case

UK Considers Retaining $6.4 Billion Bitcoin From Chinese Fraud Case

Officials are debating whether to return seized cryptocurrency to victims or keep it as state-held assets.

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Multiple sources, including Yahoo Finance and the Financial Times, explicitly state the UK government is attempting to retain the seized Bitcoin, valued at over $6 billion. The UK's Crown Prosecution Service confirms the seizure and its link to a fraud originating in China. The fact that Chinese victims are petitioning the UK government for the funds' return further supports the claim that the UK is deciding the asset's fate, with retention being a considered option.
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