Tianjin Court Opens Forfeiture Case for 61,896 Bitcoin Held in UK

The significance here is jurisdictional: a Chinese forfeiture push and a UK court's choice-of-law ruling are now moving in parallel over the same coins, and London's finding that Chinese law governs victim rights effectively hands the question of ownership to the Chinese legal system. That matters most for the victims, whose standing in the bitcoin depends on how Chinese law treats their claims, not on the UK holding. The six-month notice window is the near-term checkpoint; whether the two proceedings stay aligned or diverge over who has valid title is the open question.