Chinese prosecutors have moved to confiscate over 61,800 Bitcoins linked to a fraud case valued at over 40 billion yuan (approximately $5.7 billion). This action comes days after a UK court ruled that Chinese law should apply to victims' claims over the seized Bitcoins. The fraud case, led by Qian Zhimin, involved over 100,000 investors and nearly 20 billion yuan in losses. Qian Zhimin fled to the UK in 2017, and her assets, including Bitcoin, were subsequently seized by British authorities. The Tianjin No. 2 Intermediate People's Court accepted the prosecutors' request to confiscate illegal gains on October 13 and has opened a six-month window for victims and other relevant parties to participate in the case.