Woofun AI reports that the hearing regarding Qian Zhimin’s 60,000 Bitcoin case concluded after three days from July 7 to 9, 2026. Lan Tian Ge Rui Company entered the dispute through its litigation representative, shifting the conflict from a two-party standoff to a three-way competition. The British prosecution maintains that assets should be recovered by the state, while Chinese victims assert property rights over the Bitcoin coins, citing significant value appreciation since purchase. Lan Tian Ge Rui argues the Bitcoin were substitute assets derived from misappropriated company funds, granting them tracking and claim rights. As of July, each Bitcoin was valued at approximately 427,000 yuan, a 152-fold increase from the 2,815 yuan cost in 2014. If victims establish property rights, recoverable amounts would include appreciation gains beyond original losses. The UK Crown Prosecution Service insists on applying Chinese law, whereas the victims’ legal team argues for British law application, citing fraudulent investment contracts and POCA Sections 305 and 306 tracking mechanisms, alongside a proposed "hybrid framework" to resolve jurisdictional conflicts.