Qian Zhimin's Bitcoin recovery case holds a procedural hearing in the UK, with the judge focusing on the issue of "proxy proliferation" involving Chinese victims.

Odaily Planet Daily reports that this week, the UK High Court in Manchester held a hearing on the civil recovery case of Qian Zhimin’s Bitcoin. However, this was a typical procedural hearing, and no rulings were made regarding asset ownership, compensation plans, or substantive legal issues. The core issue of the hearing was who would represent the majority of Chinese victims. Judge Turner, who is responsible for the case, repeatedly expressed concern about the current situation. As more law firms represent different groups of Chinese victims and submit claims under POCA Section 281 (s.281), the UK High Court is facing the real risk of “over-代理.” Additionally, Judge Turner also explicitly mentioned another parallel judicial process in the UK High Court concerning the bankruptcy liquidation of Blue Sky Grey. It is reported that the subsequent hearing is scheduled for February 16-17, during which further arrangements or guidelines may be issued regarding the specific impact of the bankruptcy liquidation process on the civil recovery case. (Caixin)