UK to Pay Back Investors Swindled in $6.8 Billion Bitcoin Fraud

UK prosecutors are looking to confiscate Bitcoin worth about $6.8 billion tied to a massive fraud in China uncovered at criminal trials, as they plan a victim compensation plan to repay duped investors.

The UK police unearthed 61,000 Bitcoin in 2018 during a money laundering investigation against two Chinese women linked to the fraud that impacted around 128,000 investors. Prosecutors are planning a victim compensation program, a lawyer said during a court hearing on Wednesday while several investors have applied to the court to claw back their money.

Some investors “have suffered huge personal loss in the form of lives, ...