Stalemate in Bitcoin Money Laundering Claims
According to the latest report by Caijing, the resolution of the 60,000 BTC money laundering case has hit a stalemate. More than 8,300 Chinese victims have filed claims, but the asset distribution process remains at a standstill.
Multilateral Legal Representation Complicates Matters
With multiple law firms representing different groups of victims, the UK judge overseeing the case noted procedural inefficiencies, including duplicated submissions and repetitive arguments, which have extended timelines and increased legal costs.
Hearing Scheduled Amid High Stakes
A critical hearing is set for February 16 and 17, 2026—Chinese New Year’s Eve and the first day of the Lunar New Year—by the UK High Court, which will determine the fate of over RMB 30 billion in assets tied to nearly 130,000 Chinese victims.
Bitcoin Volatility Affects Claim Values
The value of the 60,000 BTC involved has dropped significantly, from approximately RMB 54 billion on October 6, 2025, to around RMB 31 billion by early February 2026, adding another layer of complexity to an already tangled legal process.