Analysis: The UK plans to complete the civil recovery of 60,000 bitcoin money laundering cases as soon as possible, and there may be a substantive trial early next year

Yang Yuhua, a partner lawyer at the British law firm Junzhe, wrote an article on Caixin to analyze how the criminal procedure, civil recovery, and transnational victim compensation plan involved in the 60,000 bitcoin money laundering case with Qian Zhimin as the mastermind intertwined under the British judicial procedure framework, which pointed out: The United Kingdom hopes to complete the civil recovery as soon as possible. The sooner the British High Court makes a recovery ruling, the sooner the British official can confiscate the huge assets seized. At the same time, it means that the amount reserved for the victim compensation plan can also be determined as soon as possible, and the sooner the Chinese victims may get the refund funds. According to the current public information, in early 2026, the procedures of the British High Court will have a substantive trial, which is also highly consistent with the schedule of the Chinese police to complete the verification and confirmation of the fundraising participants by the end of 2025.