TechFlow News: On January 25, according to Caixin, the UK High Court held a hearing in Manchester regarding the civil forfeiture case involving Qian Zhimin’s Bitcoin. This was a typical procedural hearing and did not issue any rulings on asset ownership, compensation plans, or substantive legal issues. The central issue discussed was who would represent the broad group of Chinese victims. Judge Turner, presiding over the case, repeatedly expressed concern about the current situation—namely, that an increasing number of law firms are separately representing different groups of Chinese victims, placing the UK High Court at real risk of “overrepresentation.” A subsequent hearing is scheduled for February 16–17, during which further arrangements or guidance may be provided regarding the specific impact of the bankruptcy liquidation proceedings on the civil forfeiture case.
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