Regulation● Neutral

China Seeks Court Order to Seize $5.1B in Bitcoin Held After UK Action

TradingGain Newsroom·8d ago·22 Oct 2026, 10:09 UTC

Chinese prosecutors have asked a Tianjin court to confiscate $5.1 billion in bitcoin that the UK seized in the Qian case. The court will hear the request after a six-month notice period. A separate legal fight over the same coins is still ongoing in London.

BTCAt the time of writing, Bitcoin traded at $82,008 (-1.54% in 24h).Live price →

Why it matters

Large bitcoin holdings are now tied up in two competing legal claims.
Uncertainty over who controls the coins could weigh on sentiment.
Any court ruling could affect how much bitcoin becomes available to sell.

What to watch next

Watch for the Tianjin court hearing date and any ruling or progress in the London case over the same coins.

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This brief is written by TradingGain from public reporting by Decrypt.Read original ↗

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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.