A significant legal battle over 60,000 bitcoins linked to Qian Zhimin has intensified, with Lantian Gerui's court-appointed receiver joining the fray. The hearing, held from July 7 to July 9, 2026, has turned the dispute into a three-way contest involving the UK Crown Prosecution Service (DPP), Chinese victims, and Lantian Gerui. The DPP argues for state recovery of the assets, while Chinese victims claim proprietary interests due to the bitcoins' substantial appreciation. Lantian Gerui's receiver contends the bitcoins are substitute assets from misappropriated company funds. The bitcoins, initially purchased by Qian Zhimin in 2014 at 2,815 yuan each, are now valued at approximately 427,000 yuan per coin. The legal teams are debating the application of Chinese versus UK law, with the victims' representatives proposing multiple legal strategies to secure their claims. These include applying UK law due to the bitcoins' location, rescinding fraudulent contracts, and utilizing tracing mechanisms under the Proceeds of Crime Act (POCA).