Current outcome
The UK High Court has ruled that Chinese investors' property-rights claims over more than 61,000 seized bitcoins in the Qian Zhimin case must be decided under Chinese law rather than English law; as a result, roughly 16,000 Chinese victims may recover only principal plus interest, not bitcoin price-appreciation gains.
Progress timeline
2 material updates- #01
英高院裁定「钱志敏案」逾6.1万枚比特币相关权属主张适用中国法，涉案资金约41亿英镑
The UK High Court ruled that Chinese investors' property-rights claims over more than 61,000 bitcoins seized in the UK in the Blue Sky Gerui fraud case must be determined under Chinese law rather than English law, affecting assets linked to a ~£4.1bn (~RMB 40.2bn) scheme.
Source evidence: theblockbeats
- #02
⚡️钱志敏案中国受害者或仅能拿回本金及利息
The ruling's practical consequence was clarified: approximately 16,000 Chinese victims participating in UK recovery proceedings may recover only principal plus interest, and cannot share in the massive price appreciation of the seized bitcoin.
State after update: The UK High Court has ruled that Chinese investors' property-rights claims over more than 61,000 seized bitcoins in the Qian Zhimin case must be decided under Chinese law rather than English law; as a result, roughly 16,000 Chinese victims may recover only principal plus interest, not bitcoin price-appreciation gains.
Source evidence: theblockbeats