🥲 In the “balance sheet” of the “King Boxer” collapse, the only amount that still has potential for recovery is the funds involving virtual currencies

On July 29, Caixin published an article titled “The Balance Sheet of the Boxer King’s Collapse.” It revealed that for the six natural-person creditor friends of boxer Zou Shiming and his wife, compared with other losses, the funds invested in P2P and virtual currencies are the only items that still have potential for recovery.
The properties have been sold, luxury goods have been written down, gym renovations have been scrapped, and cross-industry projects have been shut down—these are irreversible sunk costs. But P2P and virtual currencies are different: if the platform has not yet been fully liquidated, or if the wallet addresses can still be traced, there is theoretically room for subrogation and compensation. For example, in Beijing, China, the prosecution authorities used a penetration-style review, combined with blockchain big-data analytics tools, to track the flow of virtual currencies and successfully recovered more than $89 million in stolen funds.