Caixin says P2P and crypto funds tied to Zou Shiming couple may still be recoverable
ChainCatcher cited a Caixin article titled "The Collapsing Balance Sheet of a Boxing Champion," which said that for six individual friends who are creditors of Chinese boxing star Zou Shiming and his wife, money put into P2P products and virtual currencies is the only category of loss that may still be subject to recovery. The report contrasted those funds with other losses it described as irreversible sunk costs, including property that has already been sold, luxury goods that were liquidated at a discount, gym renovation spending that has been written off, and cross-industry projects that have already shut down. Caixin said the situation is different for P2P and crypto holdings because, if a platform has not been fully liquidated or if wallet addresses can still be traced, there is at least a theoretical path for subrogation-based recovery. As an example, the report said Beijing prosecutors previously used penetrating review methods together with blockchain big-data analysis tools to trace the flow of virtual currencies and successfully recover more than 89 million yuan in illicit funds.








