The UK High Court holds a procedural hearing for the Qian Zhimin case; the next hearing is scheduled for February 16-17.

Jinse Finance reported, citing Caixin, that this week the UK High Court in Manchester held a hearing regarding the civil recovery case of Zhimin Qian's bitcoin (Director of Public Prosecutions (DPP) v Zhimin Qian and another, Case No. KB-2024-003157). However, this was a typical procedural hearing and did not make any rulings on asset ownership, compensation plans, or substantive legal issues. The core issue of the hearing was who would represent the large number of Chinese victims. Judge Turner (Mr Justice Turner), who is in charge of the case, repeatedly expressed concern about the current situation. As more and more law firms represent different groups of Chinese victims and assert claims under Section 281 of POCA (s.281), the UK High Court is facing a real risk of "proliferation of representation." In addition, Judge Turner also explicitly mentioned another parallel judicial process being advanced by the UK High Court, namely the bankruptcy liquidation proceedings against Blue Sky Greentech. It is reported that a follow-up hearing is scheduled for February 16-17, at which time further arrangements or guidance may be made regarding the specific impact of the bankruptcy liquidation proceedings on the civil recovery case.