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Chinese fraud victims seek return of £3bn in bitcoin seized in UK

Group calls for help from Beijing to recover funds held by London police since money laundering investigation

Thousands of Chinese victims of an investment fraud are calling on Beijing to seek the return of more than £3bn worth of bitcoin seized in the UK.

A group representing victims of a £5bn scam run by Chinese company Tianjin Lantian Gerui Electronic Technology submitted a letter this week to the foreign ministry in Beijing asking it to launch negotiations with the UK government for recovery of bitcoin bought with their money.

The group, which also sent the letter to China’s public security ministry, said it had so far collected the signatures of nearly 2,500 victims supporting the call and planned to submit them to the ministries.

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