The UK High Court allows Chinese victims to appeal Bitcoin property rights in the Qian Zhimin case.

iconKuCoinFlash
Share
AI summary iconSummary
On October 21, 2026, the UK High Court allowed approximately 16,000 Chinese victims in the Qian Zhimin case to appeal a ruling regarding ownership of over 60,000 bitcoins. The court had previously determined that Chinese law applies to the dispute. The hearing addressed the appeal, legal costs, and next steps. The case could impact CFT frameworks and align with MiCA’s evolving regulatory approach.

BlockBeats news: On October 21, according to Caixin, just four days after the UK High Court ruled that Chinese law applies to the property rights dispute over more than 60,000 bitcoins in the Qian Zhimin case, approximately 16,000 Chinese victims involved in the UK recovery effort have been granted the opportunity to challenge the ruling.


The UK High Court has held another hearing, during which the judge approved the Chinese victims' appeal of the legal application ruling issued on October 12. The lawyers for all parties also discussed issues regarding litigation costs related to the prior legal application dispute, whether approximately 16,000 individual applicants should continue pursuing their claims, and how to opt out.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.