BlockBeats News, January 25 — According to Caixin, in the case of Qian Zhiming’s 60,000 BTC money laundering case, the UK prosecution still insists that the proposal it submitted to the court on October 15, 2025, to “reserve (provision) certain assets for the overall compensation arrangement for the numerous Chinese victims in the civil recovery process” is the most effective practical solution.
This means that once the asset (funds) amount is reserved, law enforcement agencies from China and the UK can cooperate in the future to transfer the assets (funds) to China to implement specific victim compensation plans, providing compensation after verifying the victims’ identities and losses. Under this approach, it is not realistic for Chinese victims to expect to receive relatively “satisfactory” high compensation through Bitcoin’s years-long price surge. The implied compensation boundary of this proposal most likely refers to the actual losses that victims have registered and confirmed with Chinese police.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Capital Flows From Gold Back to Bitcoin As Digital Haven Matures
Bitcoin has consistently been considered as a centerpiece for crypto-economic theory and its representation as “Digital Gold”. Recent data from Fidelity clearly demonstrates that Bitcoin’s role as a measurable indicator of market performance is firmly established as a reality, not just a
BlockChainReporter9m ago
Bitcoin's $1.3 trillion security race: Key initiatives aimed at quantum-proofing the world's largest blockchain
Quantum computers capable of breaking the Bitcoin blockchain do not exist today. Developers, however, are already considering a wave of upgrades to build defenses against the potential threat, and rightfully so, as the threat is no longer hypothetical.
This week, Google published research
CoinDesk11m ago
Good brother Majie, Huang Licheng closed his BTC and HYPE long positions, and his trading win rate over the past week has reached 80%.
Buddy Big Brother Huang Licheng has closed out all his BTC and HYPE long positions. He still holds a 25x leveraged long position with 8,200 ETH. His liquidation price is $2,002, with an unrealized profit of $465k. He has placed 33 ETH limit sell orders in the $2,141–$2,200 range. In the past week, he has closed 10 positions in total, winning 8 of them, for a win rate of 80%.
GateNews42m ago
Here's what 'cracking' bitcoin in 9 minutes by quantum computers actually means
Google's Quantum AI team said earlier this week that a future quantum computer could derive a bitcoin private key from a public key in roughly nine minutes. The number ricocheted across social media and spooked markets.
But, what does it actually mean in practice?
Let's start with how bitcoin
CoinDesk51m ago
