UK Seeks Legal Ownership of $7.3B Bitcoin

[tradelikepro]

The UK government is moving to claim a $7.3 billion Bitcoin fortune seized from Chinese scammer Zhimin Qian, who pleaded guilty this week. While the seizure marks Britain’s largest ever crypto haul, legal hurdles remain: many victims — primarily in China — have opened proceedings to reclaim their stolen funds.

This could mean the Bitcoin remains tied up in courts for years, even as speculation grows about using the assets for a Strategic Crypto Reserve.

[EmTeam]

If the UK succeeds in keeping control of the $7.3B Bitcoin, it could reshape Britain’s position in global crypto markets — but victim restitution claims may stall any government plans for years.

[Nahid10]

Observers say the case will test whether the UK prioritizes victims’ recovery or national strategy. The outcome could set precedent for how future mega-seizures of digital assets are handled.