CryptoMedium•13 October 2026•
1 min read
UK Court Ruling Boosts Government Claim to 61,000 Seized Bitcoin
Key Facts
1Justice Mark Turner ruled that Chinese law governs victims' underlying property claims regarding 61,000 seized Bitcoin.
2The seized cryptocurrency is valued at approximately $5 billion and was recovered during an investigation into Zhimin Qian.
3The ruling does not determine the final owner of the Bitcoin but strengthens the UK government's position in forfeiture proceedings.
Justice Mark Turner ruled that Chinese law governs victims' underlying property claims regarding 61,000 seized Bitcoin. CoinDesk reported that while the ruling does not determine the final owner of the cryptocurrency, it significantly strengthens the UK government's position in ongoing forfeiture proceedings.
The seized cryptocurrency is valued at approximately $5 billion and was recovered during an investigation into Zhimin Qian, according to Crypto Briefing. The court noted that because the underlying fraud and economic damage occurred in China, Chinese law rather than English law must apply to the recovery claims.