The UK High Court ruled that Chinese law applies to the recovery of 61,000 Bitcoin in the Qian Zhimin case but did not resolve who holds the enforceable property rights to the seized Bitcoin, worth billions. This leaves open the possibility for alleged victims of fraud to appeal over ownership claims. The court's decision clarifies jurisdiction but leaves the core dispute unresolved, meaning further legal proceedings or appeals may follow. Investors should watch for filings seeking permission to appeal or court orders affecting custody of the Bitcoin.
The UK High Court ruling on the 61,000 BTC Qian Zhimin case provides context for cryptocurrency market watchers. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Oct 13, 2026 08:41 WIB: out of 50 major cryptocurrencies, 4 rose and 45 fell. Notable movers include VET at Rp130 with a -8.50% change and EOS at Rp12.649 with an +8.13% change.
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New Bitcoin buyers accumulated about 400,000 BTC over two months, raising their total holdings to 4.27 million BTC as of October 11. This increase represents roughly 2% of Bitcoin's circulating supply and is a significant rise compared to 340,000 BTC...
Zcash (ZEC) experienced a 2.79% price increase within one hour, rising from $1,143 to $1,175 on Binance's ZEC/USDT spot market. This uptick occurred despite the token being down 7.69% over the previous 24 hours. During the same hour, liquidations on ...
