Tens of thousands of victims from a major investment fraud case in China (the Langtian Gerui case) are challenging the UK government's plan to confiscate and dispose of approximately 4 billion dollars worth of Bitcoin (approximately 61,000 BTC) through legal channels. Lawyers representing the victims have written to the UK Foreign Office, arguing that these assets should be returned to legitimate Chinese victims rather than incorporated into the UK Treasury. Currently, thousands of victims have signed a related petition. Legal experts point out that due to the lack of a formal asset-sharing agreement between China and the UK, and the case involving cross-border judicial recovery and complex identity verification, the final ownership of this massive amount of Bitcoin is facing a prolonged international legal dispute. (Cointelegraph)

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