A procedural hearing was held in the UK for the case of Qian Zhimin's Bitcoin recovery, with the judge focusing on the issue of "proliferation of proxies" among Chinese victims.

This week, the UK High Court held a hearing in Manchester regarding the civil recovery case concerning Qian Zhimin's Bitcoin assets. However, this was a typical procedural hearing, making no rulings on asset ownership, compensation plans, or substantive legal issues. The core issue was who should represent the vast number of Chinese victims. Judge Turner, who presided over the case, repeatedly expressed concern about the current situation. With more and more law firms representing different groups of Chinese victims and raising claims under Section 281 (s.281) of the Public Interest Litigation Act (POCA), the UK High Court is facing the real risk of "proliferation of representation." Furthermore, Judge Turner explicitly mentioned another parallel judicial process being pursued by the UK High Court: the UK bankruptcy liquidation proceedings against Blue Sky Greenery Co., Ltd. It is understood that subsequent hearings are scheduled for February 16-17, at which time further arrangements or guidance may be made regarding the specific impact of the bankruptcy liquidation proceedings on the civil recovery case. (Caixin.com)