Progress has been made in the UK's pursuit of 60,000 bitcoins in a case involving 16,000 Chinese victims.

PANews reported on June 8th that, according to Caixin, the UK High Court held a procedural hearing on June 5th regarding the disposal of assets related to the Qian Zhimin case. Around 16,000 Chinese victims have registered through several UK law firms to participate in civil recovery proceedings under the UK's Proceeds of Crime Act, concerning approximately 60,000 bitcoins and other assets involved in the case. The registration window closed on May 22nd.

A key issue at this hearing was how the costs of joint litigation should be shared among the multiple law firms. The judge ultimately decided that each firm should deposit its share of £190,000 into the court account in proportion to the number of victims it represents, with a deadline of 4 pm on June 26. A separate hearing will be held in July to determine whether the Chinese victims can claim ownership of the assets in question.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
PANews APP
Analysis: Stablecoins continue to see outflows, putting Bitcoin under liquidity pressure.
PANews Newsflash