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The hearing for the 60,000 Bitcoin money laundering case will be held on February 16, involving nearly 130,000 Chinese victims with an amount exceeding 30 billion yuan

Feb 12, 2026 13:36:55

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8300 Chinese victims apply for compensation in the case of 60,000 bitcoins related to Qian Zhimin's money laundering, where asset disposal has reached a deadlock, with multiple law firms representing and fighting for themselves. According to the UK judge, there are issues of repeated submissions, repeated debates, and prolonged procedures, and the lawyer fees are also rising, ultimately needing to be paid by the Chinese victims.

It is reported that on the eve of the Lunar New Year and the first day of the New Year (February 16 and 17, 2026), the High Court of England will hold a hearing involving over 30 billion yuan, concerning nearly 130,000 Chinese victims. This is the asset disposal procedure for the highly publicized 60,000 bitcoins money laundering case. In addition, the price of bitcoin is highly volatile, and the market value of 60,000 bitcoins has shrunk from a peak of approximately 54 billion yuan on October 6, 2025, to about 31 billion yuan in early February 2026.

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