Caixin: 60,000 Bitcoins Money Laundering Case Assets Hit a Deadlock

GateUser-6433627c · 2026-02-12T05:41:09+00:00

8,300 Chinese victims apply for compensation in a $60,000 Bitcoin money laundering case, which has stalled, with multiple law firms involved causing disputes and rising costs. The High Court of the UK will hold a hearing in February 2026. This case involves nearly 130,000 victims and amounts to over 30 billion RMB. The Bitcoin market capitalization has significantly shrunk.

GateUser-6433627c

2026-02-12 05:41:09

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On February 12, Caixin reported that 8,300 Chinese victims applied for compensation related to the Zhimin Money Laundering Case involving 60,000 Bitcoins, with asset disposal at an impasse. Multiple law firms are acting as agents and fighting independently, and the UK judge observed issues such as duplicate submissions, repeated debates, and prolonged procedures. Legal fees are also rising, ultimately to be paid by Chinese victims. It is reported that on Lunar New Year’s Eve and the first day of the Lunar New Year (February 16 and 17, 2026), the High Court of the United Kingdom will hold a hearing concerning over 30 billion RMB in involved funds, affecting nearly 130,000 Chinese victims. This is the asset disposal process for the highly publicized 60,000 Bitcoin money laundering case. Additionally, Bitcoin prices have been highly volatile; the market value of 60,000 Bitcoins, which peaked at approximately 54 billion RMB on October 6, 2025, has shrunk to about 31 billion RMB in early February 2026.

BTC-2,92%

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