BitcoinNews on Nostr: UK High Court: Chinese law governs claims to 61,000 bitcoin seized from Zhimin Qian. ...
UK High Court: Chinese law governs claims to 61,000 bitcoin seized from Zhimin Qian.
Justice Mark Turner found the fraud, the contracts, and the losses all happened in China, so English tracing cannot revive property rights lost under Chinese law.
The coins are worth about $5 billion near $83,200.
Ownership is still open.
Fieldfisher is appealing.
The CPS says a later hearing will test whether any victim can prove a proprietary interest.
Published at
2026-10-14 22:12:34 UTCEvent JSON
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"id": "d93fd7c2b02d9b395b1c382b8d0c40c1d91f2cbc35dbb0c24dcc1104dfb3ea5a",
"pubkey": "2774d83c8f9789c583414292b1192c4345db7ff0d551ea32efa2958f4192f6e5",
"created_at": 1792015954,
"kind": 1,
"tags": [
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"content": "UK High Court: Chinese law governs claims to 61,000 bitcoin seized from Zhimin Qian.\n\nJustice Mark Turner found the fraud, the contracts, and the losses all happened in China, so English tracing cannot revive property rights lost under Chinese law.\n\nThe coins are worth about $5 billion near $83,200.\n\nOwnership is still open.\n\nFieldfisher is appealing.\n\nThe CPS says a later hearing will test whether any victim can prove a proprietary interest.\n\nhttps://image.nostr.build/a50621244bb09d939f38416a0a0678f7b04f77a5bb7366a81915d6d07c026fdf.jpg",
"sig": "8545d50c7ba7ef736adf97600932c5c0b482316bc842a0676c44ea40e368f37e726d474fe434c44c11d348a325f157eaf6a4055fe5f32be62589687ba1c5f849"
}
