According to Caixin, a money laundering case involving 60,000 Bitcoins will hold a hearing in July on the issue of "legal applicability." Chinese victims planning to pursue recovery through UK procedures must, after completing initial registration, supplement their submissions with financial details such as total investment amount, losses, compensation received, and relevant evidence by June 18, 2026. This hearing is seen as a critical milestone in the disposal of Bitcoin assets: if Chinese law applies, victims and Lantian Ge Rui have 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, allowing for the recovery of the appreciated value as well.
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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 applicability." Chinese victims planning to pursue recovery through UK procedures must, after completing initial registration, supplement their submissions with financial details such as total investment amount, losses, compensation received, and relevant evidence by June 18, 2026. This hearing is seen as a critical milestone in the disposal of Bitcoin assets: if Chinese law applies, victims and Lantian Ge Rui have 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, allowing for the recovery of the appreciated value as well.