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The UK government plans to retain its seized $7 billion worth of stolen Bitcoin.
Golden Finance reports that the UK government is seeking to retain most of the Bitcoin seized from Zhimin Qian in 2018, which is valued at £5 billion (approximately $7 billion). Zhimin Qian has pleaded guilty to charges of possessing criminal proceeds. The victims of the scam have filed a civil lawsuit aimed at seeking compensation, with the first hearing scheduled for January. Legal experts say that under UK law, while victims have the right to compensation, they may ultimately only be able to receive payouts equivalent to the value of the losses incurred at the time of the incident.