The UK High Court held a procedural hearing on the Qian Zhimin case, and will subsequently discuss bankruptcy proceedings.

PANews reported on January 25th that, according to Caixin, the UK High Court held a hearing this week in Manchester regarding the civil recovery case involving Qian Zhimin's Bitcoin assets. This was a typical procedural hearing, making no rulings on asset ownership, compensation plans, or substantive legal issues. The core issue of the hearing was who should represent the vast number of Chinese victims. Judge Turner, who presided over the case, repeatedly expressed concern about the current situation, noting that with more and more law firms representing different groups of Chinese victims, the UK High Court is facing the real risk of "representation overload." Subsequent hearings are scheduled for February 16-17, at which time further arrangements or guidance may be made regarding the specific impact of bankruptcy liquidation proceedings on civil recovery cases.