A court hearing in the Qian Zhimin case involving 60,000 BTC was held from July 7 to July 9, 2026, and the next phase is expected to shift toward evidence review and asset tracing, according to Odaily, citing Caixin. The report said the case is likely to gradually enter the evidence and merits stage after October this year.
The court is expected to focus on five issues: how RMB investment funds entered Lantian Geri and related accounts; how the funds were pooled, transferred, and exchanged; which funds can be demonstrably linked to the Bitcoin seized in the UK; the losses, repayments, and prior compensation of each claimant; and the exact property relationship among individual investors, Lantian Geri, and the Bitcoin involved in the case.
According to the analysis cited by Caixin, after disputes over the applicable law were addressed and the judge made a ruling in July, the case will gradually move away from the question of which legal framework applies and toward whether the evidence can substantiate the claimed rights.
A three-day hearing in the Qian Zhimin case involving 60,000 BTC was held from July 7 to July 9, 2026. The next phase will gradually shift toward evidence review and asset tracing, with the case expected to move into the evidence and merits stage after October this year, according to Odaily, citing Caixin.
Five issues set to come under court review
The report said the court will focus on five questions in the next stage:
- How RMB investment funds entered Lantian Geri and related accounts;
- How the funds were pooled, transferred, and exchanged;
- Which funds can be demonstrably linked to the Bitcoin seized in the UK;
- The losses, repayments, and prior compensation of each claimant;
- What specific property relationship exists among individual investors, Lantian Geri, and the Bitcoin involved in the case.
Caixin cited an analysis saying that after the dispute over applicable law was addressed in July and the judge issued a ruling, the case would gradually move from the question of which law should be applied to whether the evidence can prove the claimed rights.
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