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Caixin: Blue Sky Gree's illegal fundraising case is expected to result in a refund of less than 5% domestically, and 61000 Bitcoins have been seized by the UK police

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2024-04-07 01:17:33
On April 7th, it was reported that in the illegal fundraising case of Lantian Gerui, which amounted to 43 billion yuan, it is expected that less than 5% of the funds will be returned domestically. Currently, 61000 Bitcoins have been seized by the British police. The proceeds of crime hearing will be held in September 2024. Caixin has searched through public channels and found very few successful cases of cross-border recovery in China. In addition, according to international practice, sharing is the mainstream way of cross-border recovery and disposal of confiscated assets. The International Cooperation Department of the Ministry of Justice of China replied that the specific details of the case are not known and cannot be disclosed.
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