Judge Turner presides over the Chen Zemin case, Bitcoin asset lawsuit proceedings completed

FUD_Whisperer · 2026-01-28T07:05:08+00:00

The ongoing Bitcoin asset lawsuit involving Chen Zemin at the Manchester High Court has raised concerns about attorney overload, complicating proceedings due to multiple Chinese victims being represented by different law firms. The case also intersects with bankruptcy proceedings, adding uncertainty to asset recovery efforts. A follow-up hearing is scheduled for mid-February to address these issues and likely propose procedural improvements.

FUD_Whisperer

2026-01-28 07:05:08

Abstract generation in progress

The lawsuit related to Zhenzemin’s Bitcoin assets at the High Court of Manchester, UK, has entered a new phase. According to a report by PANews on January 25, citing Chai Xin, this week’s procedural hearing, presided over by Judge Turner, was successfully conducted. However, since this hearing did not involve substantive legal judgments such as asset ownership or compensation plans, it is considered a preparatory stage for future substantive legal disputes.

The Overload of Representatives Becomes a Key Issue

The most notable part of this procedural hearing was Judge Turner’s concern about “representative overload.” Currently, numerous Chinese victims are involved, with various law firms representing different groups of victims. Judge Turner repeatedly expressed concern that this situation could significantly hinder the efficiency of the UK High Court. The core issue is that as the number of representatives claiming different interests increases, the complexity of the lawsuit could grow exponentially.

Intersection of Bitcoin Asset Recovery and Bankruptcy Proceedings

Adding to the complexity of the Zhenzemin case is its connection to bankruptcy proceedings. Not only is a civil recovery lawsuit underway, but a bankruptcy liquidation process is also ongoing simultaneously, raising uncertainty about how the interaction between the two procedures will affect the final outcome. Since no specific rulings on asset ownership or substantive compensation plans were made during this hearing, understanding the impact of bankruptcy proceedings on Bitcoin asset recovery has become a key task moving forward.

Progress Expected in the Follow-up Hearing in Mid-February

The next stage of the case is scheduled for February 16 and 17. During this follow-up hearing, additional guidance or legal judgments regarding the impact of bankruptcy liquidation on the civil recovery lawsuit are expected to be provided. Given Judge Turner’s clear raising of the issue, it is highly likely that procedural improvements addressing the representative overload problem will also be discussed. This Zhenzemin Bitcoin asset case is expected to set an important precedent for how procedural complexity and jurisdictional issues are handled in international cryptocurrency disputes.

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