Case of 60,000 Bitcoins Laundering: Legal Application Hearing Held in July, UK Supreme Court Appoints Lead Law Firm, Causing Controversy

2026-02-25 02:25:34

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Mars Finance reports that a money laundering case involving 60,000 Bitcoins will have a “Legal Applicability Issue” hearing in July. The UK High Court has confirmed that the law firm Fieldfisher, which was involved earlier in the case, will serve as the lead law firm for the hearing. However, the lead law firm’s proposal has sparked controversy. Some law firms are concerned that Fieldfisher may gain an informational advantage, such as access to the list of victims with large investments, and may even seize the opportunity to “poach clients” by using improper means to “induce” victims to switch law firms. The judge believes that this arrangement does not designate Fieldfisher to handle all asset recovery claims for the victims, but only to represent all victims in “Legal Applicability Issue” negotiations with the court. Other law firms will continue to handle their clients’ claims independently. Appointing a lead law firm is intended to improve litigation efficiency.

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