UK High Court Hears Bitcoin Asset Disposition in Qian Zhimin Case; 16,000 Chinese Claimants Register

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According to ChainCatcher, on June 5, the UK High Court held a procedural hearing on asset disposition in the Qian Zhimin case. Approximately 16,000 Chinese victims have registered through multiple UK law firms to pursue civil recovery of about 60,000 Bitcoin under the Proceeds of Crime Act. The registration deadline was May 22. The court ruled that law firms must pay their proportionate share of 190,000 pounds in legal costs to the court account by June 26 at 4 p.m., calculated based on the number of victims each firm represents. A separate hearing on applicable law regarding whether Chinese victims can claim ownership of the assets is scheduled for July.
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