Analysis: The UK plans to quickly complete the civil recovery of 60,000 Bitcoins involved in a money laundering case, with substantial court hearings expected to advance early next year.

According to a report by Jinse Finance, Yang Yuhua, a partner at the UK law firm Junze, wrote an analysis on Caixin about the money laundering case involving 60,000 Bitcoins, masterminded by Qian Zhimin. The analysis discusses how criminal procedures, civil recovery, and multinational victim compensation plans intertwine within the framework of the UK judicial process. It points out that the UK hopes to complete civil recovery as soon as possible; the earlier the UK High Court makes a confiscation ruling, the sooner the UK authorities can confiscate the seized substantial assets, which also means that the amount reserved for the victim compensation plan can be determined sooner, allowing Chinese victims to potentially receive refund funds earlier. According to current public information, substantial hearings in the UK High Court are expected to progress in early 2026, which highly aligns with the schedule of the Chinese police to complete the verification of fundraising participants by the end of 2025.