Hacking News
UK Recovers £5.6M From Hok Seng Ling as Victims Fight for Bitcoin
British authorities have recovered £5.6 million from Hok Seng Ling, who helped launder proceeds from a Chinese fraudster's investment scheme. The payment fulfills his confiscation order while victims pursue ownership claims over 61,000 Bitcoin, valued at £3.8 billion. The dispute concerns a Ponzi scheme that defrauded over 128,000 investors in China between 2014 and 2017. The investors seek the Bitcoin, including its increase in value, rather than compensation limited to their original investments.