Caixin: Legal application hearing held in July for the 60,000 Bitcoin money laundering case; Chinese victims need to provide additional financial details by June 18.

CycleProphet · 2026-02-25T02:11:28+00:00

The case of 60,000 Bitcoin money laundering will hold a legal hearing in July. Chinese victims need to provide additional financial details by 2026. The key issue of the hearing is the applicable law; if Chinese law applies, victims may recover their principal, while if UK law applies, they might recover the increased value of the losses.

CycleProphet

2026-02-25 02:11:28

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Deep Tide TechFlow News: On February 25th, Caixin reported that a hearing on the “Legal Application Issues” regarding the laundering of 60,000 Bitcoins will be held in July. Chinese victims planning to pursue recovery through the UK process need to provide additional detailed financial information, including total investment, losses, and any compensation received and evidence, by June 18, 2026, after completing initial registration. It is understood that this hearing will be crucial for the disposal of the 60,000 Bitcoins. Under Chinese law, victims have a creditor-debtor relationship with Lantian Grey, and can only recover their principal; under UK law, victims hold proprietary rights to the Bitcoins, and the appreciated value of the losses may also be recoverable.

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