Daily brief: China BTC seizure, ETF inflows, Trump scam push

October 22, 2026

CoinDesk's daily briefing leads with China's move to seize more than 61,800 bitcoin tied to the $5.7 billion fraud scheme run by Zhimin Qian, whose company sold unlicensed wealth-management products. Chinese prosecutors are seeking confiscation of the coins seized in the UK.

Also in the brief:

Spot bitcoin ETFs attracted over $1 billion in inflows this week, adding to sustained demand for U.S.-listed crypto funds.
President Trump is hosting a White House cybercrime event spotlighting U.S. efforts to crack down on crypto scams run by foreign criminal organizations.

No further details were disclosed in the briefing.

Sources

China moves to seize more than 61,800 bitcoin tied to a $5.7 billion fraud case, spot Bitcoin ETFs attract over $1 billion in inflows this week, and President Trump targets overseas crypto scam operations. @jennsanasie has what you need to know. https://t.co/yrl9itJKdwx.com ↗

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Daily brief: China BTC seizure, ETF inflows, Trump scam push — Outposts