China seeks to seize 61,800 BTC tied to $5.7 billion fraud scheme
- —Chinese prosecutors want to confiscate over 61,800 BTC tied to a $5.7 billion fraud
- —A U.K. court ruled Chinese law governs victims' claims to the coins
- —The dispute pits Chinese authorities against victims over the bitcoin
Why it matters: The outcome will decide who gets tens of thousands of BTC and set a precedent for cross-border crypto ownership disputes.
Source: CoinDesk