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UK High Court rules Chinese law governs 61,000 BTC case, leaving property rights appeal open.

Market News
13 Oct 2026, 04:42 WIB
Coincu
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UK High Court rules Chinese law governs 61,000 BTC case, leaving property rights appeal open.

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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