Progress has been made in the UK's pursuit of 60,000 bitcoins in a case involving 16,000 Chinese victims.

CoinFeed reported on June 8th that, according to Caixin, the UK High Court held a procedural hearing on June 5th regarding the disposal of assets related to the Qian Zhimin case. Around 16,000 Chinese victims have registered through various UK law firms to participate in civil recovery proceedings under the UK's Proceeds of Crime Act, concerning approximately 60,000 bitcoins and other assets involved in the case. The registration window closed on May 22nd. A key issue at the hearing was how the various law firms would share the costs of joint litigation. The judge ultimately decided that each law firm would deposit £190,000 into the court account in proportion to the number of victims they represented, with a deadline of 4 pm on June 26th. A separate hearing will be held in July to determine whether the Chinese victims can claim ownership of the assets.