The Qian Zhimin case involving 61,000 bitcoins is expected to be heard again in September, and the recovery will officially enter the civil judicial process
According to surging news, after the escape of Qian Zhimin was arrested in the UK, Tianjin Blue Sky Grui Electronic Technology Co., Ltd. was suspected of illegally absorbing public deposits. Victims of the case saw a turnaround. Some legal scholars said that although China and the UK have signed a treaty on criminal judicial assistance, there are no detailed provisions on the conditions and arrangements for the return or sharing of assets. Therefore, there are no clear international rules on how much international recovery can be recovered. International cooperation and negotiation are still required in this case. Previously, in the latest trial on July 25, the British court agreed to serve Qian Zhimin with the liquidation application documents, and then the corresponding procedures will be carried out according to the requirements of the British court. It is expected that the trial will be held again in September, which means that the recovery will officially enter the civil judicial process. However, the process ahead will not be easy. Due to the complexity of the situation, the British court will need longer and more hearings to clarify the case. Over a longer period of time, the value of bitcoin fluctuates and there is uncertainty about how it will be liquidated.
Previously, the British police seized 61,000 bitcoins in a bitcoin money laundering case, and believed that these bitcoins were mainly purchased from the proceeds of Qian Zhimin's criminal acts.