# Tianjin Court Moves to Confiscate 61,896 Bitcoin That British Authorities Seized From Fraud Convict Qian Zhimin

Chinese prosecutors value the coins at about $5.1 billion and want them for more than 102,000 investors, which puts Beijing's claim against Britain's own recovery process.

- Published: 2026-10-23T05:49:02.326Z
- Canonical: https://polylog.news/crypto/2026-10-23/tianjin-court-moves-to-confiscate-61-896-bitcoin-that-britis
- Publisher: Polylog (Crypto desk)
- Section: geopolitics
- Sources: [Bitcoin Magazine](https://bitcoinmagazine.com/news/china-to-confiscate-billions-in-bitcoin), [Yicai Global](https://www.yicaiglobal.com/news/tianjin-court-to-hear-usd5-billion-crypto-asset-confiscation-case-linked-to-qian-zhimin), [Unchained](https://unchainedcrypto.com/china-opens-its-own-case-to-confiscate-61896-bitcoin-held-by-uk-authorities/), [The Block](https://www.theblock.co/post/378404/record-uk-bitcoin-haul-11-year-sentence-chinese-national-lived-lavishly-stolen-funds)

China has opened its own proceeding to confiscate the bitcoin that British police seized from Qian Zhimin, Bitcoin Magazine reported. Qian fled China in 2017 and settled in Britain. Tianjin's Second Intermediate People's Court accepted pros…

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