Tens of thousands of victims from a major investment fraud case in China (the Blue Sky Qrui case) are challenging the UK government's plan to confiscate and dispose of approximately 4 billion dollars worth of Bitcoin (about 61,000 BTC) through legal means. Victim representatives' lawyers have written to the UK Foreign Office, arguing that these assets should be returned to legitimate Chinese victims rather than added to the UK treasury. Currently, thousands of victims have signed a related petition. Legal experts point out that due to the lack of a formal asset-sharing agreement between China and the UK, and given the case's involvement in cross-border judicial recovery and complex identity authentication, the final ownership of this massive Bitcoin holding is facing a prolonged international legal battle. (Cointelegraph)

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