UK Court Grants Qian Zhimin Fraud Victims Permission to Appeal 61,000 Seized Bitcoin Ruling

Victims of Qian Zhimin's £4.1 billion fraud scheme have secured permission from a UK court to appeal a ruling governing more than 61,000 seized Bitcoin, valued at about $5 billion. The dispute centers on whether Chinese or English law governs claims to the assets and their market appreciation, determining whether investors or the UK Treasury retain the capital gains. Separately, convicted aide Hok Seng Ling paid his UK confiscation order in full following a nearly five-year money laundering sentence, while a Tianjin court processes a concurrent Chinese forfeiture application.