Chinese victims seek U.K. jurisdiction to claim the cryptocurrency’s massive appreciation rather than just their original investment
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The Royal Courts of Justice in London, home to the High Court. Photo: Yue Yue/Caixin
About 8,300 Chinese victims file claims as judge signals need for unified representation
About 16,000 Chinese victims enter U.K. civil recovery process over seized bitcoin
July hearing to decide applicable law and potential payout structure
Police seized 61,000 Bitcoin from Zhimin Qian, 47, as part of a years-long money laundering investigation.
Victims of Chinese crypto fraud fight to stop Treasury capturing inflated value of the currency
Zhimin Qian, 47, was arrested in April 2024 in what has been described as the UK’s largest cryptocurrency seizure
