Caixin: A hearing will be held on February 16 in a money laundering case involving 60,000 bitcoins, affecting nearly 130,000 Chinese victims and involving more than 30 billion yuan.

The asset disposal process in the Qian Zhimin money laundering case, involving 60,000 bitcoins and 8,300 Chinese victims, has stalled. Multiple law firms are representing the victims, each acting independently, leading to issues such as repeated submissions, repeated arguments, and prolonged proceedings, according to a British judge. Legal fees are also soaring, ultimately to be borne by the Chinese victims. It is reported that the UK High Court will hold a hearing on the eve of the Lunar New Year (February 16th and 17th, 2026) regarding the asset disposal process in the highly anticipated 60,000 bitcoin money laundering case, which involves over 30 billion yuan and nearly 130,000 Chinese victims. Furthermore, the price of bitcoin has fluctuated significantly; the market value of the 60,000 bitcoins has shrunk from a peak of approximately 54 billion yuan on October 6th, 2025, to approximately 31 billion yuan in early February 2026. (Caixin.com)