TechFlow reports that, according to Caixin, a hearing on “issues of legal applicability” regarding the 60,000-BTC money laundering case will be held in July. Chinese victims seeking recovery under the UK’s asset recovery procedure must, after completing preliminary registration, submit detailed financial information—including total investment amount, loss amount, compensation already received, and supporting evidence—by June 18, 2026. This hearing is expected to be pivotal in determining the disposition of the 60,000 BTC. If Chinese law applies, victims’ relationship with Blue Sky Gela is one of creditor-debtor, meaning victims may recover only their principal. If UK law applies, victims hold a proprietary interest in the Bitcoin, potentially enabling recovery of the appreciated value of their losses.
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