Three Parties Battle Over 60,000 BTC in Qian Zhimin Case Hearing, Valuation Hits 427,000 CNY Per Coin

According to Odaily, a three-day hearing in the 60,000 Bitcoin case involving Qian Zhimin was held from July 7-9, 2026, with a third party—trustee representing Langtian Grui Company—formally entering the dispute. The case now involves competing claims from British prosecutors seeking asset forfeiture, Chinese victims asserting ownership rights over the traced Bitcoin, and the company trustee claiming the BTC represents misappropriated corporate funds.

The disputed Bitcoin was valued at approximately 427,000 CNY per coin as of July 2026, compared to Qian's 2,815 CNY purchase price in 2014—a 152-fold increase. If claimants successfully establish property rights, recovery amounts could exceed original losses and extend to appreciation gains.