Caixin: Chinese victims of the 60,000 Bitcoin money laundering case need to provide additional financial details by June 18.

SmartContractAuditor · 2026-02-25T11:58:26+00:00

The case of 60,000 Bitcoin money laundering will hold a hearing in July, and applicants are required to provide financial details before 2026. The hearing will determine whether Chinese law or UK law applies, affecting victims' rights to compensation.

SmartContractAuditor

2026-02-25 11:58:26

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Odaily Planet Daily reports that a case involving 60,000 Bitcoins being used for money laundering will have a “Legal Application Issues” hearing in July. Chinese victims planning to pursue recovery through the UK process need to provide detailed financial information, including total investment, losses, and any compensation received and evidence, by June 18, 2026, after completing initial registration. This hearing is crucial for the disposal of the 60,000 Bitcoins. Under Chinese law, victims have a creditor-debtor relationship with Lantian Ge Rui, 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. (Caixin)

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