The aftermath of the US crackdown on CZ has not yet subsided, and the UK has targeted Chinese Bitcoin majors. A cross-border recovery storm is quietly unfolding.
Recently, 2,500 investors jointly sent an urgent request to the Ministry of Public Security, hoping that the government can intervene and negotiate with the UK to recover 61,000 Bitcoins accused of fraud. These investors were defrauded of huge amounts of money by Qian Zhimin (alias Zhang Yadi) and others through a fake wealth management plan. These funds were then converted into Bitcoin and flowed into the hands of criminals.
According to reports, the amount involved in this fraud case is as high as 5 billion pounds, equivalent to about 6.34 billion US dollars, and the number of victims is nearly 130,000. Among these victims, there are many tragic cases of bankruptcy and family breakdown. Their voices sounded extremely heavy and urgent in the joint letter: "We have suffered heavy losses, broken families, heavy debts, and even cannot afford medical expenses. Our voices should be heard, and the UK should not confiscate these properties."
The British Crown Prosecution Service has initiated civil recovery procedures in the High Court. Once it is confirmed that there are no other legal claimants, the confiscated bitcoins will be distributed proportionally to the British police and the Home Office. However, for the victims, this is undoubtedly adding insult to injury. Not only did they lose their hard-earned money, they may also face the dilemma of being unable to recover their losses.
In the face of this dilemma, the cooperation between the Chinese police and the British police is particularly important. The Chinese police can provide key evidence to prove that these bitcoins are the proceeds of crime in China by Qian Zhimin and others. If the Chinese police can successfully intervene in this case and start criminal cooperation with the British police, it may be possible to recover some losses for the victims. However, the specific cooperation methods and asset sharing ratios still require further consultation and discussion between the two sides.
This cross-border recovery storm not only tests the cooperation capabilities of the police of the two countries, but also tests the determination of the international community to combat crime and protect the rights and interests of investors. Let us continue to pay attention to the progress of this case and hope to bring a ray of hope to the victims as soon as possible.
At the same time, we also remind investors to always be vigilant and not to trust investment projects from unknown sources to avoid being deceived.
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