According to Caixin, in the Blue Sky Gruiyu illegal fundraising case, about 16k Chinese victims pursuing cross-border recovery have seen a key development regarding approximately 60k BTC in proceeds. The High Court of England held a three-day hearing from July 7 to 9 on the case’s “choice of law” issues. If the court rules that Chinese law applies, victims may be able to recover only their principal and corresponding interest and other returns at most; if the court rules that English law applies, victims will have the opportunity to include the appreciation arising from Bitcoin’s price increase within the scope of recovery.