The asset disposal in the Qian Zhimin money laundering case, involving 60,000 bitcoins, has been delayed due to legal disputes. Over 8,300 Chinese victims have applied for compensation, but the process has been complicated by multiple law firms representing victims independently, leading to duplicate submissions and prolonged procedures. A British judge noted that these issues have increased legal fees, which must be borne by the victims.
The UK High Court is set to hold a hearing on February 16 and 17, 2026, concerning the asset disposal proceedings, which involve over RMB 30 billion and affect nearly 130,000 Chinese victims. The market value of the 60,000 bitcoins has significantly decreased from approximately RMB 54 billion in October 2025 to about RMB 31 billion by early February 2026, due to fluctuations in Bitcoin prices.
Legal Dispute Stalls 60,000 Bitcoin Asset Disposal in Money Laundering Case
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