Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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Qian Zhimin, the main culprit in the 60,000 Bitcoin case, is scheduled to go on trial in London on September 29th. Domestic victims may need to defend their rights on their own.
2hours ago

According to Caixin, the trial of Qian Zhimin, the main culprit in the 60,000 Bitcoin case, is scheduled for September 29th at Southwark Crown Court in London. It has been revealed that Chinese victims will need to "defend their rights" in the UK's civil recovery process for the proceeds of crime. Based on the prosecution's application, the UK Director of Public Prosecutions has initiated civil recovery proceedings for the assets seized in the Qian Zhimin and Jian Wen cases under the UK's Proceeds of Crime Act 2002. Once a civil recovery order is issued by the court, the large amount of Bitcoin can be confiscated and handed over to a designated trustee of UK law enforcement. Another civil avenue—applying for the overseas liquidation of BlueSky Grey in the UK—has so far made no concrete progress.