LondonA court barred Zhimin Qian’s victims from English-law claims.

Britain is likelier to keep most of 61,000 seized bitcoin, worth £3.8 billion.

Qian’s Ponzi scheme defrauded 128,000 investors in China, so Justice Mark Turner ruled Chinese law governs their property claims.

The ruling does not settle ownership of the coins.

The victims’ lawyers are appealing.

How each outlet framed it
CoinDesk
explains that the Chinese-law ruling means English law cannot be used by victims to claim the bitcoin

Sources: CoinDesk