Caixin: Asset Disposal Stalemate in $300 Million Bitcoin Laundering Case

BlockBeats News, February 12th. According to Caixin, 8,300 Chinese victims have applied to claim 60,000 bitcoins in the Qian Zhimin money laundering case asset disposal deadlock. Multiple law firms are representing the victims, each fighting on their own. In the eyes of the British judge, there are issues such as duplicate submissions, repeated arguments, and prolonged procedures. Legal fees have also skyrocketed, ultimately needing to be paid by the Chinese victims.

It is reported that on the eve of the Lunar New Year of the Year of the Horse in 2026 (February 16th and 17th), the UK High Court will hold a hearing involving an amount exceeding 30 billion yuan, related to nearly 130,000 Chinese victims. This is the asset disposal process of the high-profile 60,000 bitcoins money laundering case. In addition, due to the significant fluctuation in the price of Bitcoin, the market value of the 60,000 bitcoins has decreased from around 54 billion yuan on October 6, 2025, to about 31 billion yuan in early February 2026.