Caixin: A hearing on the legal application of a 60,000 Bitcoin money laundering case will be held in July; Chinese victims are required to provide supplementary financial details by June 18.

PANews reported on February 25th that, according to Caixin.com, a hearing on "applicable law issues" will be held in July for the case involving the laundering of 60,000 Bitcoins. Chinese victims intending to pursue recovery proceedings in the UK will need to provide detailed financial information by June 18, 2026, after completing initial registration. This information will include the total investment, losses, and evidence of any compensation received. This hearing is reportedly crucial for the disposal of the 60,000 Bitcoins. Under Chinese law, the relationship between the victims and Blue Sky Global is one of creditor and debtor, meaning the victims can only recover their principal at most. Under UK law, the victims have a proprietary interest in the Bitcoins, and the increased value of the losses may also be recoverable.