Bitcoin Receiver Joins Qian Zhimin's 60K BTC Case as Three-Way Contest Erupts Over UK-China Law

According to financial media reports, a three-day hearing held July 7-9, 2026, in the 60,000 bitcoin case involving Qian Zhimin has shifted the dispute from two parties to three. The U.K. Crown Prosecution Service (DPP) seeks state forfeiture; Chinese victims claim proprietary rights to the appreciating bitcoins; and Blue Sky Ge Rui's court-appointed receiver asserts the bitcoins constitute misappropriated company assets that warrant property rights recovery.

The bitcoins are currently valued at 427,000 yuan (approximately $58,900) each, up 152-fold from Qian's 2,815-yuan purchase price in 2014. The receiver argues the bitcoins stem from diverted company funds and should be traced to the company. Meanwhile, victims' lawyers propose four legal frameworks—U.K. law application, contract rescission, proceeds-tracking mechanisms, and a hybrid approach—to counter DPP's position that Chinese law should govern.