POCA civil recovery guides Chinese victim claims in CPS case
The post POCA civil recovery guides Chinese victim claims in CPS case appeared on BitcoinEthereumNews.com.
No verified July hearing or June 18 victim deadline confirmed There is no verified court listing or institutional notice confirming a July hearing on “legal application issues,” nor any confirmed June 18 deadline for Chinese victims to provide additional financial details. As reported by Caixin Global, the money-laundering trial of qian zhimin (also known as Yadi Zhang) began at Southwark Crown Court on September 29, 2025, and ran for roughly 12 weeks (https://www.caixinglobal.com/2025-09-29/exclusive-alleged-chinese-mastermind-behind-massive-bitcoin-money-laundering-stands-trial-in-uk-102367499.html). The report also notes a proposed compensation scheme for Chinese victims under the UK Proceeds of Crime Act (POCA), led by the UK Director of Public Prosecutions. According to Weex, procedural activity connected to civil recovery and related arrangements took place in February 2026, with no official listing provided for a July hearing or a mid-June victim deadline (https://www.weex.com/news/detail/qian-zhimin-case-holds-first-hearing-of-the-year-plans-further-arrangements-for-bankruptcy-liquidation-proceedings-in-february-323295). Taken together, the established record confirms the Blue Sky Ge Rui (Tianjin Lantian Ge Rui) matter is active in the UK, but a July hearing date and a June 18 submission deadline remain unconfirmed by named outlets. Why this matters for Blue Sky Ge Rui victims Unverified timelines risk prompting victims to share sensitive financial data with unvetted agents, causing exposure to privacy risks and duplicate mandates. In complex cross‑border recoveries, misinformation can also trigger costly, misdirected filings. To understand why UK courts emphasize procedure, consider the case’s scale: “£4.2 billion ponzi operation,” said the BBC, describing Blue Sky Ge Rui’s magnitude (https://www.bbc.com/). As reported by Odaily, the High Court has warned that overlapping representation and parallel claims (“agent proliferation”) can inflate costs and delay any eventual distribution (https://www.odaily.news/en/newsflash/465795). This risk is acute for dispersed Chinese victims seeking recovery under UK processes. BingX: a trusted exchange delivering real advantages for traders at every level. What victims should do now and how to verify updates Use official channels for…
Filed under: News - @ February 25, 2026 2:25 am