Caixin: 60,000 Bitcoins Money Laundering Case Hearing Scheduled for February 16, involving nearly 130,000 Chinese victims and over 30 billion yuan in related funds

SmartContractAuditor · 2026-02-12T05:41:13+00:00

8,300 Chinese victims applying for compensation in a 60,000 Bitcoin money laundering case with slow progress, law firms acting independently leading to repeated issues, and rising legal fees. In February 2026, a hearing will be held in the High Court of the United Kingdom, involving over 30 billion RMB and nearly 130,000 victims. Bitcoin market capitalization has significantly shrunk.

SmartContractAuditor

2026-02-12 05:41:13

Abstract generation in progress

Odaily Planet Daily reports that 8,300 Chinese victims have filed claims for 60,000 Bitcoins. The asset disposal process in the Qi Zhi Min money laundering case has reached an impasse, with multiple law firms acting independently and fighting their own battles. The UK judge sees issues such as duplicate submissions, repeated debates, and prolonged procedures, while legal fees are also rising, ultimately to be paid by Chinese victims. It is reported that on the Lunar New Year’s Eve and the first day of the Year of the Horse (February 16 and 17, 2026), the High Court of the United Kingdom will hold a hearing involving over 30 billion RMB and nearly 130,000 Chinese victims. This hearing concerns the asset disposal process of the highly watched 60,000 Bitcoin money laundering case. Additionally, Bitcoin prices are highly volatile; the market value of 60,000 Bitcoins has shrunk from approximately 54 billion RMB at its peak on October 6, 2025, to about 31 billion RMB in early February 2026. (Caixin)

BTC0,97%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.