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Snapshot 8:Tue, Sep 30, 2025 6:24:12 PM GMT last edited by Nick

UK: Police Seize $5.5B Bitcoin in World's Largest Crypto Bust

UK: Police Seize $5.5B Bitcoin in World's Largest Crypto Bust

UK: Police Seize $5.5B Bitcoin in World's Largest Crypto Bust
Above: The image depicts a Chinese 100 Renminbi (Yuan) banknote alongside a physical Bitcoin coin on Jan. 12, 2025. Image copyright: Samuel Boivin/NurPhoto/Getty Images

The Spin

This massive cryptocurrency bust proves law enforcement can successfully track down international criminals who think digital assets make them untouchable. The seven-year investigation demonstrates that sophisticated police work and international cooperation will always catch up with fraudsters, no matter how complex their schemes or how far they run.

The U.K. government appears ready to keep billions in seized cryptocurrency that rightfully belongs to over 128,000 defrauded Chinese victims who have waited years for compensation. Despite the defendant's lawyer stating sufficient funds exist to repay losses, reports suggest authorities plan to retain the assets rather than return them to those who were actually harmed.

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The U.K. government appears ready to keep billions in seized cryptocurrency that rightfully belongs to over 128,000 defrauded Chinese victims who have waited years for compensation. Despite the defendant's lawyer stating sufficient funds exist to repay losses, reports suggest authorities plan to retain the assets rather than return them to those who were actually harmed.

Metaculus Prediction

There is a 50% chance that Bitcoin will lose its position as the market dominant cryptocurrency by August 2039, according to the Metaculus prediction community.


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© 2025 Improve the News Foundation.

All rights reserved.

Version 6.15.2