The U.K. Government is moving forward with plans to turn its largest Bitcoin seizure into a victim compensation fund. This initiative addresses the aftermath of a significant crypto fraud that deceived over 128,000 individuals.
The perpetrators, Zhimin Qian and Seng Hok Ling, have pleaded guilty, and sentencing is set for November 10-11. The Crown Prosecution Service is developing a restitution framework for those affected by the fraudulent activities.
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