Odaily Planet Daily reports that a case involving 60,000 Bitcoins for money laundering will have a “Legal Application Issues” hearing in July. Chinese victims planning to pursue recovery through the UK process need to provide detailed financial information, including total investment, losses, and any compensation received and evidence, by June 18, 2026. This hearing is crucial for the disposal of the 60,000 Bitcoins. Under Chinese law, victims have a creditor-debtor relationship with Lantian Ge Rui and can only recover their principal. Under UK law, victims hold proprietary rights to the Bitcoins, and any appreciation in value may also be recoverable. (Caixin)
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