China2026.10.23TokenPost

61,896 Bitcoin Subject to Forfeiture Application, and More

• Tianjin No. 2 Intermediate People's Court accepted a prosecutors' forfeiture application tied to Qian Zhimin on September 28, 2026, covering assets including 61,896 bitcoin, and publicly announced the case on October 13; the forfeiture outcome and victim restitution are still undetermined.
• Paper.cn (The Paper) reported on the court announcement and the details of the forfeiture application.
• U.S. spot bitcoin ETFs recorded a combined net outflow of $635.6 million (about KRW 842.2 billion) on October 22, per Farside Investors, with IBIT losing $254.1 million (about KRW 336.7 billion) and FBTC losing $217.5 million (about KRW 288.2 billion).