Caixin: The disposal of assets in Qian Zhimin's money laundering case involving 60,000 bitcoins has reached a stalemate; a hearing will be held on February 16.

PANews reported on February 12 that, according to Caixin, the asset disposal in the Qian Zhimin money laundering case, in which 8,300 Chinese victims have filed for compensation of 60,000 bitcoins, has reached a stalemate. Multiple law firms are representing the victims, each acting independently. British judges believe that there are problems such as repeated submissions, repeated arguments, and prolonged procedures, while legal fees have also increased, which will ultimately have to be paid 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 (February 16th and 17th, 2026), the UK High Court will hold a hearing on the asset disposal procedures for the highly publicized money laundering case involving over 30 billion yuan and nearly 130,000 Chinese victims. This case involves 60,000 Bitcoins. Furthermore, the price of Bitcoin has fluctuated significantly; the market value of the 60,000 Bitcoins has shrunk from a peak of approximately 54 billion yuan on October 6th, 2025, to approximately 31 billion yuan in early February 2026.