qianzhimin

#ukhighcourtruleschineselawgovernsbitcoinclaims
Made a fortune from Bitcoin, but might only get... the original investment back? 🥲
The UK High Court just pulled a jaw-dropping U-turn in the Qian Zhimin case. She allegedly ran an illegal fundraising scam in China, then fled to the UK with over 61,000 Bitcoin. When British police seized it (worth up to $5 billion), 16,000 Chinese victims rushed to file claims to get the assets back.
But the UK court ruled: Chinese law applies—not British law! Why? Because the original fraud took place in China, and the victims are Chinese. Under Chinese law, the victims may only get their original investment and basic interest back. As for the Bitcoin’s “ugly duckling to beautiful swan” transformation—the explosive price gains—it’s still unclear where that will end up… the UK court might even keep it! 💸
What can traders learn from this?
1. Crypto has no borders, but the law does.
2. Want to get your money back? Better start learning some international law!
⚠️ This is not financial advice.
👉 Enter code VINHTOCDO or sign up via this link: https://www.binance.com/register?ref=VINHTOCDO to get a special offer!
#Bitcoin #CryptoNews #UKHighCourt #QianZhimin #VINHTOCDO Click the trade button below to support me:
Related tokens: $BTC
, $ETH
, $WBTC