According to TechFlow, on November 15, according to Phoenix.com Technology, 320,000 bitcoins were seized in Yancheng, Jiangsu Province, currently worth more than 200 billion yuan. It is reported that on November 28, 2020, 21st Century Business Herald reported the case, calling it "the largest case in the currency circle."
According to Phoenix.com Technology's calculations, as of press time, 1 bitcoin is worth about 640,000 yuan, with a total value of more than 204.8 billion yuan. In 2023, Yancheng City will achieve a regional GDP of 740.39 billion yuan.
According to the second-instance ruling of the Intermediate People's Court of Yancheng City, Jiangsu Province, the case involves 8 virtual tokens including Bitcoin, Bitcoin Cash, Dash, Dogecoin, Litecoin, Ethereum, EOS, and Ripple, equivalent to 14.8 billion yuan.