Tianjin court accepts petition to confiscate 61,896 BTC in $5.6B fraud case
- —Prosecutors seek confiscation of 61,896.41552945 BTC
- —The case involves illegal fundraising of over 40 billion yuan
- —The court accepted the petition on Sept. 28
- —Other crypto, cash and jewelry are also subject to seizure
Why it matters: One of the largest BTC seizures in a criminal case could weigh on market supply if the assets are eventually sold.
Source: PANews
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