60,000 Bitcoin money laundering case hearing set for Feb 16, 2026, involving 130,000 Chinese victims

ChainCatcher report: 8,300 Chinese victims have applied for compensation of 60,000 bitcoins; asset disposal in the Qian Zhimin money laundering case has stalled, with multiple law firms representing victims independently. From the perspective of the British judge, issues such as duplicate submissions, repeated arguments, and prolonged procedures exist, while legal fees have soared and ultimately must be borne by the Chinese victims. It is reported that on the Eve of the Lunar New Year and the first day of the Lunar New Year in the Year of Bingwu (February 16 and 17, 2026), the UK High Court will hold a hearing concerning assets worth over RMB 30 billion, affecting nearly 130,000 Chinese victims—this is the highly anticipated asset disposal proceeding for the 60,000-bitcoin money laundering case. Additionally, due to significant fluctuations in Bitcoin prices, the market value of 60,000 bitcoins has dropped from a peak of approximately RMB 54 billion on October 6, 2025, to about RMB 31 billion by early February 2026.