According to Caixin, a money laundering case involving 60,000 Bitcoins will hold a hearing in July on the "issue of legal application." Chinese victims planning to seek recovery through UK procedures must, after completing preliminary registration, submit additional financial details such as total investment amount, losses, compensation received, and related evidence by June 18, 2026. This hearing is seen as a critical point in the disposal of Bitcoin assets: if Chinese law applies, victims and Lantian Grey are in a creditor-debtor relationship, or can only recover the principal; if UK law applies, victims may be recognized as having proprietary rights in the Bitcoin (proprietary interest), and the appreciated value may also be recoverable.
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According to Caixin, a money laundering case involving 60,000 Bitcoins will hold a hearing in July on the "issue of legal application." Chinese victims planning to seek recovery through UK procedures must, after completing preliminary registration, submit additional financial details such as total investment amount, losses, compensation received, and related evidence by June 18, 2026. This hearing is seen as a critical point in the disposal of Bitcoin assets: if Chinese law applies, victims and Lantian Grey are in a creditor-debtor relationship, or can only recover the principal; if UK law applies, victims may be recognized as having proprietary rights in the Bitcoin (proprietary interest), and the appreciated value may also be recoverable.