TechFlow news, on November 15, according to Ifeng Technology, 320,000 Bitcoin were seized in Yancheng, Jiangsu Province, currently valued at over 200 billion RMB. It was reported by the 21st Century Business Herald on November 28, 2020, that this case, known as the "largest case in the cryptocurrency world," had already drawn significant attention.
According to calculations by Ifeng Technology, at the time of publication, one Bitcoin is worth approximately 640,000 RMB, bringing the total value to over 204.8 billion RMB. In 2023, Yancheng City achieved a regional GDP of 740.39 billion RMB.
According to the appellate ruling from the Intermediate People's Court of Yancheng City, Jiangsu Province, the case involved eight types of virtual currencies—Bitcoin, Bitcoin Cash, Dash, Dogecoin, Litecoin, Ethereum, EOS, and Ripple—with a combined value of 14.8 billion RMB.
