Deep Tide TechFlow message: On June 08, according to Caixin.com, the UK High Court held a procedural hearing on June 5 regarding the disposal of assets related to the Qian Zhiming case. Concerning roughly 60,000 bitcoins and other assets involved in the case, about 16,000 Chinese victims have already registered through multiple UK law firms to participate in the civil recovery proceedings under the UK Proceeds of Crime Act.

The registration window for May 22 has closed. These roughly 16,000 people essentially constitute the current scope of victims eligible to enter the UK civil recovery proceedings. Compared with the Blue Sky Grey case’s 128,000 victims, those who have entered the UK proceedings account for less than 13%, and because there may be duplicate registrations, further deduplication will still be required.