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An IT professional's Bitcoin account, worth over 80 million yuan, was seized by police in two different locations; the charges in the case have been changed multiple times.
January 20, 2026
CoinFeed News
Because of his possession of a large amount of Bitcoin, he was investigated by police in Zhangjiajie, Hunan and Changge, Henan, on charges including "operating a casino." Zhangjiajie police seized 103 BTC and converted them into nearly 50 million RMB, while Changge police seized 80 BTC, totaling over 80 million RMB. The case was later transferred to charges of "theft and infringement of citizens' personal information," and was heard in the Changge City Court in January. The court adjourned and will reschedule for a later date.