In the Qian Zhimin case, Chinese victims have been granted permission to appeal, involving over 60,000 bitcoins. According to Caixin, on October 16 local time, the UK High Court granted Chinese victims permission to appeal the legal ruling regarding the application of law in the Qian Zhimin case. The case involves over 60,000 bitcoins, and approximately 16,000 Chinese victims have participated in the UK recovery proceedings. The hearing also addressed issues such as litigation costs, continued claims by applicants, and exit arrangements. Previously, on October 12, the court ruled that Chinese law should govern the victims’ property rights claims over the bitcoins involved. Caixin noted that this could affect the victims’ claims to share in the appreciation of the bitcoins, potentially limiting investors to recovering only their principal and interest. The granted permission pertains to the appeal; the final determination of asset ownership and distribution remains pending further proceedings.