A procedural hearing on asset disposal in the Qian Zhimin case was held in the UK, with approximately 16,000 Chinese victims registering for civil recovery. According to Caixin, on June 5, the UK High Court held a procedural hearing regarding asset disposal in the Qian Zhimin case. Around 16,000 Chinese victims have registered through multiple UK law firms to participate in civil recovery proceedings under the UK’s Proceeds of Crime Act; the registration window closed on May 22. Next, monitor three key factors: whether funds continue to flow in, whether on-chain transaction volumes and holdings keep increasing, and whether the project team or regulators issue new confirmations. A single news item only indicates heightened sentiment—subsequent data will determine whether this evolves into a sustained trend. Risks must also be acknowledged: this figure represents less than 13% of the roughly 128,000 total victims in the Lan Tian Ge Rui case, and further deduplication is still required. [Original link] #OnChainData #Regulation #Blockchain #CryptoMarket #CryptoCircle