All Time High
Chinese Authorities Seize Bitcoin, Other Cryptocurrencies Worth $5 Billion
Chinese authorities have seized approximately $5 billion worth of Bitcoin (BTC) and millions of XRP, Dogecoin (DOGE), and other cryptocurrencies as part of a confiscation application involving crypto assets seized from convicted money launderer Qian Zhimin. The confiscation covers 61,896.41552945 BTC, worth roughly $5 billion at recent market prices, alongside other cryptocurrencies, cash, and assets. The application also includes DOGE holdings, which have already been converted into cash by British authorities and deposited into an interest-bearing account.