Overview
- The High Court set May 22 as the cutoff for Section 281 claims by victims seeking recovery through English proceedings.
- Law firm Candey represents about 5,700 claimants who oppose a China-based distribution plan and request application of English law.
- Recovery costs are capped at 18% of funds returned to claimants under the fee arrangements disclosed to the court.
- The roughly 61,000 BTC stays in government custody while officials assess options such as potential sales and safeguards for distribution.
- The stash stems from a 2014–2017 investment fraud linked to Jian Wen’s London activities, with architect Zhimin Qian sentenced in November 2025, and Bitcoin’s price gains now complicate equitable allocation.