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UK seeks to repay victims of huge China bitcoin scam
Britain has proposed compensating victims of a massive scam in China that resulted in what is believed to be the world's largest cryptocurrency seizure, lawyers told AFP on Thursday (Oct 16). At a Wednesday hearing in London, authorities confirmed a "victim compensation scheme is under active consideration", said Jackson Ng, a lawyer at Duan & Duan, which represents several victims. In-depth discussions with representatives of the victims on what such a scheme might look like are expected to continue in the coming months, he added. More than 128,000 victims were defrauded through a scheme in China between 2014 ... (full story)
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