Caixin reported that in the Lan Tian Ge Rui illegal fund-raising case, 16k Chinese victims pursuing cross-border recovery of approximately 60k BTC in proceeds have seen a key development. The High Court of England held a three-day hearing from July 7 to 9 on the case’s “issues of applicable law.” If the court rules that Chinese law applies, victims may be able to recover only their principal and interest; if it rules that English law applies, victims may have the chance to include the appreciation attributable to Bitcoin’s price rise within the scope of recovery. At present, the final ownership of the case assets still depends on the UK court’s ruling on the applicable law.