🚀 Victims Urge UK Court to Reject Bitcoin Redress Plan
#Victims #UKCourt #Bitcoin #RedressPlan #ZhiminQian #Fraud #SeizedBitcoin #Compensation #LegalAppeal #NS3AI #Candey #ChineseRedressScheme #BitcoinGains #PreliminaryHearing #Section281 #BTC
Victims of the Zhimin Qian fraud are appealing to the UK High Court to dismiss a proposed redress plan concerning approximately 61,000 seized Bitcoin, currently valued at around 3.2 billion pounds ($4.3 billion). According to NS3.AI, Candey, the legal representative for about 5,700 victims, contends that channeling compensation through a Chinese redress scheme might prevent claimants from benefiting from the gains accrued since the Bitcoin seizure. A preliminary hearing is set for July to determine whether English or Chinese law will govern the claims. Additionally, May 22 is the deadline for claimants seeking recovery under Section 281.#Victims #UKCourt #Bitcoin #RedressPlan #ZhiminQian #Fraud #SeizedBitcoin #Compensation #LegalAppeal #NS3AI #Candey #ChineseRedressScheme #BitcoinGains #PreliminaryHearing #Section281 #BTC