On the 12th, the UK High Court ruled that Chinese law would be applied to the ownership claims of approximately 61,000 BTC (worth about 800 billion yen) seized by the London Metropolitan Police from Chinese fraudster Zhimin Qian (also known as Yadi Zhang).
The case dates back to a large-scale investment fraud orchestrated by Qian in China between 2014 and 2017. Qian collected approximately 40.2 billion yuan (about 950 billion yen) through over 128,000 investment contracts...