Chinese Prosecutors Seek $5.1B Bitcoin Confiscation in UK Qian Case

The filing turns a UK seizure into a contest over which court's claim prevails, with a Tianjin hearing and a parallel London dispute now running on separate tracks. That dual-track posture is the real story: it tests whether Chinese prosecutors can reach assets held under UK jurisdiction, and it puts cross-border confiscation mechanics — not the coins themselves — at the center. How the six-month notice period plays out, and whether the London proceedings constrain the Tianjin court, are the open questions worth watching.