According to The Block, a UK High Court judge ruled that Chinese law governs claims by victims over bitcoin seized in the case. The decision concerns approximately 61,000 bitcoin that were seized and are now subject to ownership determination. The court found that Chinese legal principles apply to these claims, meaning the applicable rules for resolving disputes over the seized assets come from Chinese law rather than UK law. As a result, the status of ownership of the seized bitcoin remains undecided at this stage. The ruling pertains specifically to victims’ ability to assert claims related to the seized amount and does not address enforcement or return procedures. No further details were provided about the origin of the seizure, the parties involved, or timelines for resolution.
