UK Prosecutors Propose BTC Reserve for Chinese Victims in Qian Zhimin Case

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UK prosecutors in the Qian Zhimin case, involving 60,000 BTC, have proposed reserving assets for Chinese victims through a civil recovery process. The plan requires verified losses and identities to facilitate compensation. Fluctuations in the price of BTC will not affect the payout, which will be limited to the registered losses. BTC's dominance in the case remains a key factor as authorities finalize the distribution strategy.

BlockBeats news: On January 25, according to Caixin's report, in the money laundering case involving 60,000 BTC by Qian Zhimin, the UK prosecutors still insist that their proposal submitted to the court on October 15, 2025 — "reserving (provision) certain assets for a collective compensation arrangement for a large number of Chinese victims in the civil asset recovery process" — is the most effective practical solution.


This means that once the asset (funds) amount is reserved, Chinese and UK law enforcement agencies will cooperate in the future to transfer the asset (funds) to China in order to implement a specific victim compensation plan, and provide compensation after verifying the identities of the victims and their losses.Under this approach, it is unrealistic for Chinese victims to expect relatively "satisfactory" high compensation through the multi-year price surge of Bitcoin. The implied scope of compensation in this proposal would at most cover the actual losses already registered and confirmed by Chinese police.

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