Chinese authorities have seized more than 180 Bitcoin from a Shenzhen resident, Li Dong, in a case involving two separate provinces. Police in Zhangjiajie (Hunan) and Changge (Henan) confiscated over 100 BTC and 80 BTC respectively, with the total value exceeding 80 million yuan at the time.
The initial charge against Li Dong was operating an illegal online casino, but this accusation was later dropped. The case was subsequently reclassified, with prosecutors instead pursuing charges related to theft and the illegal acquisition of personal information. In January 2026, the matter was heard by the Changge City People’s Court, which later announced that the trial would be reopened.
The case highlights the legal and personal risks associated with holding large amounts of cryptocurrency, particularly in jurisdictions with strict enforcement. While Bitcoin ownership itself may not be illegal, high visibility and large holdings can attract scrutiny, emphasizing the importance of discretion and security for crypto investors.