LIVEBraking NEWS.! BTC & whole Crypto crash!!!!!!
😱 what happened this #BitcoinHalvingDrama 🤨
🚨Here’s what happened in crypto today🚨
Chinese fraud victims are turning to the United Kingdom government for help with recovering over $4 billion worth of Bitcoin seized by authorities. An upcoming Ethereum upgrade will introduce a “social recovery” feature for wallets, potentially making lost private keys a thing of the past. And investors in BlackRock's tokenized fund can now redeem shares for Circle’s USD Coin.
Fraud victims want China to recover $4.3 billion worth of Bitcoin seized by U.K. police
The victims of an investment fraud scheme facilitated by an electronics company in China are looking to recover $4.3 billion in Bitcoin
bought with their money with the help of the U.K. government.A group representing the scam victims reportedly submitted a letter to the Ministry of Foreign Affairs of China requesting it to negotiate with the U.K. government to recover the seized Bitcoin.
The funds were taken through a $6.2 billion investment scheme conducted by Tianjin Lantian Gerui Electronic Technology from 2014 to 2017.
U.K. authorities seized the cryptocurrency after former hospitality worker Jian Wen attempted to launder funds by buying a $30 million mansion with BTC. The purchase failed when Wen could not explain the source of the funds.
This led to an investigation by the authorities, culminating in a raid on a house in 2021. At the time, police found 61,000 BTC in the property rented by Wen and her boss, Zhimin Qian, the suspected mastermind of the investment fraud scheme.
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