Caixin: 60,000 Bitcoins Money Laundering Case Hearing Held on February 16

WuSaidBlockchainW · 2026-02-12T05:45:34+00:00

From February 16 to 17, 2026, the High Court of the United Kingdom will hear a Bitcoin money laundering case involving over 30 billion RMB. The claims of nearly 130,000 Chinese victims have stalled, legal fees are rising, and the market value of 60,000 Bitcoins has significantly decreased.

WuSaidBlockchainW

2026-02-12 05:45:34

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According to Caixin, on Chinese 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 yuan in case funds, affecting nearly 130,000 Chinese victims. This is the asset disposal process for the highly publicized 60,000 Bitcoin money laundering case. Currently, 8,300 Chinese victims have filed claims, but the asset disposal process for the 60,000 Bitcoin money laundering case has reached an impasse. Multiple law firms are acting independently, leading to issues such as duplicate submissions, repeated debates, and prolonged procedures in the eyes of UK judges. Lawyer fees are also rising, ultimately to be paid by Chinese victims. The market value of 60,000 Bitcoin has shrunk from approximately 54 billion yuan at its peak on October 6, 2025, to about 31 billion yuan in early February 2026.

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