61,000 Seized BTC: Who Deserves the Billions in Gains?

[Ziskinberg]

I agree with you, it doesn’t matter if the price has gone up or down, anyone that think about it well will know that the victims deserve to get their bitcoin back,

I don't know if you're not reading the OP or you just didn't understand it.
Man, it's not their Bitcoin, what they invested was yuan.

Is it not because they knew the money was invested in Bitcoin that all this hassle is happening. Let's imagine they didn't know it was put in Bitcoin, all the UK government will do is willing give them their money.

They will know, because Zhimin Qian was arrested in 2024 and plead guilty.
And the seize bitcoins was publicly published as well, so nothing is secret here.

But the more accurate question is who stole the money? If it's the UK government, then they have committed crime and must give all the money to their victims claiming none to themselves.

You also did not read the topic well.

[Zigabel]

Numbers two should apply for me, this is because from the time of recovery till date, some funds would have been spent on the process and even the government who has held the recovered funds all this years would probably want to charge for thar, i don't know whatever legal term will be used for that but i think they will have a charge for that, then cost of litigation and investigation, all may be charged on this sum, after which they could look into the sum invested by each victim and see how to spread the expenses across every ones of their balance for the remitting and then the balance could be returned to them of which they will still be in a very good and tangible profit as compared to the invested sum. Definitely the money will be taxed by the government and that too could bee another means of the government getting some funds out of the whole sum.

[MossCircuit]

Did the victims originally hand over Bitcoin, or did the fraudsters collect fiat and later buy BTC themselves? That distinction would affect my view of what is fair. Returning coins entrusted to someone and distributing assets purchased with stolen money are different situations, even if both involve the same seized Bitcoin today.

[mirakal]

Did the victims originally hand over Bitcoin, or did the fraudsters collect fiat and later buy BTC themselves?

The latter is correct. The victims invested in Chinese yuan and the scammer later used their money to purchase Bitcoin.

That distinction would affect my view of what is fair. Returning coins entrusted to someone and distributing assets purchased with stolen money are different situations, even if both involve the same seized Bitcoin today.

You need to read a few pages back and follow the discussion to get the whole picture.
Also, read the news first - https://www.channelnewsasia.com/world/qian-zhimin-cryptoqueen-bitcoin-scam-uk-china-5462446

[Hamza2424]

You raise a good point, because what if the total value of those Bitcoins was already lower than the amount lost in the scam..

Would the government cover the deficit and compensate the victims for the remaining losses?  
Of course not, so if they cannot refund the losses, they also should not be entitled with the gains.

Governments know well how and when to reverse the UNO haha. They wait for the right opportunity, and then they pull that card out that fucks everyone haha.

Anyway bro, we can't be sure of anything unless the authorities tell us about their next plan. But I am not one of the victims, so I don't care. Now, after knowing about this news, I would like to know what happens next. Whom will they pay? Like the recently seized $11 million in Africa by the FBI, it goes straight into their possession.

And claimants have to file directly with them rather than with African authorities. And to be honest bro, they would love this decision because, due to corruption, they would not want their own authorities to be in control of the seized funds.

[JiiBs]

It must pass the claim process. Example from the Department of Justice, they still needed to pass the claim process even you know the victimss. This example, the portal claims has been provided by DOJ for victims of these scam or other activities to be able to claim their funds.
[1] OneCoin: https://www.onecoinremission.com/
[2] https://airbitvictimfund.com/

These portals are being established by DOJ. IDK about the UK Laws for processing or claiming victim funds from scams or other. Also, quite reminder usually they give us a deadline to claim the victims fund.

Has there being any successful claims to scammed Bitcoins through some laid down procedures by centralized authorities?

Wouldn’t this be some way to trap them never to have all that is required to claim the said Bitcoin and at the very least, they would be highly taxed on it.

Either way, it still would be a win if the victims are reunited with their lost coins, even after taxes given the value of the coins today.

[Ziskinberg]

Governments know well how and when to reverse the UNO haha. They wait for the right opportunity, and then they pull that card out that fucks everyone haha.

That is what happens when a government is corrupt, we can't win because how can we sue the government?
Maybe our best chance is to vote for the right leader during elections, but there's no guarantee that the promises they make during their campaigns will be fulfilled once they are in office.

Anyway bro, we can't be sure of anything unless the authorities tell us about their next plan. But I am not one of the victims, so I don't care. Now, after knowing about this news, I would like to know what happens next. Whom will they pay? Like the recently seized $11 million in Africa by the FBI, it goes straight into their possession.

we will have to wait and see for the final court decision, this news is just saying what law will be use.