UK High Court advances asset disposal in 60,000-Bitcoin case; approximately 16,000 Chinese victims register to join recovery efforts

TechFlow News: On June 8, according to Caixin, the UK High Court held a procedural hearing on June 5 regarding the disposition of assets related to the Qian Zhimin case. Approximately 60,000 bitcoins and other涉案 assets are involved; around 16,000 Chinese victims have registered through multiple UK law firms to participate in the civil recovery proceedings under the UK’s Proceeds of Crime Act.

The registration window closed on May 22. These roughly 16,000 individuals constitute the current pool of victims eligible to enter the UK civil recovery process. By comparison, in the Blue Sky Grail case—which involved 128,000 victims—fewer than 13% of victims have entered the UK process. Moreover, as duplicate registrations may exist, further deduplication will be required going forward.