๐ฌ๐ง UK Court to Refund Chinese Victims After $6.8B Bitcoin Seizure
โ๏ธUK authorities are set to compensate Chinese victims after seizing $6.8 billion worth of Bitcoin from a money-laundering gang behind the 2017 Tianjin Lantian scam, which defrauded over 128,000 investors.
๐ฐDefendants Zhimin Qian and Seng Hok Ling were caught and convicted for money laundering. A hidden crypto wallet key in Qianโs jogging bottoms helped police seize an additional ยฃ67M. The UK court is now launching a โvictim compensation schemeโ to return funds to those affected.
