What did Chinese police do with the 200,000 bitcoins they seized during the PlusToken takedown?

Quick Take

  • It wasn’t clear until over a year later the fact that Chinese police seized almost 200,000 BTC during the 2019 summer arrests of six PlusToken masterminds.
  • Based on blockchain analysis, it appears the police approved the sales of much of the PlusToken bounty.
  • But why that happened — and the details surrounding the sales — remain a mystery.
A Chinese court recently revealed that police have been in control of the PlusToken crypto-assets for a lot longer than previously realized.

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