The Crown Prosecution Service informed the Chinese victims of the 60,000 Bitcoin Qian Zhimin case that inter-state contacts will not be made until progress is made in accordance with the provisions of the Proceeds of Crime Recovery Act 2002

Qian Zhimin (transliteration, alias Zhang Yadi) has pleaded not guilty to all money laundering charges during the trial at Southwark Crown Court in London. Some investors revealed that they also sent representatives on the day of the trial and entrusted a cross-border asset dispute lawyer group to observe the trial. The entrusted lawyer has helped the creditor submit a civil recovery application to the British High Court.
In this regard, the British Crown Prosecution Service issued a notice on October 22 specifically to inform Chinese victims that the agency has initiated civil recovery proceedings in the UK earlier this year for assets frozen from Qian Zhimin and others, and that inter-state contacts will not be carried out until the process has progressed as stipulated in section 281 of the Proceeds of Crime Recovery Act 2002. The Crown Prosecution Service initiated civil recovery proceedings in the High Court earlier this year. If no other person or entity claims rights to the criminal assets, then half will be owned by the British police and the other half will be transferred to the British Home Office. The purpose is to facilitate the processing of the proceeds of crime and prevent further crime.