#cryptocurrency-seizure

#cryptocurrency-seizure

The British and Chinese governments are set to go into battle over 5 billion worth of stolen cryptocurrency, reports suggest. Scotland Yard also made the world's largest seizure of cryptocurrency, worth 5.5 billion, which Chancellor Rachel Reeves hopes will help shore up public finances. But the Chinese Communist Party, led by president Xi Jinping, is also reportedly laying claim to the money. Beijing argues the 61,000 Bitcoins, which are understood to be with the Treasury, had originated from a Ponzi scheme that had targeted 128,000 investors in China between 2014 and 2017.