[UK Aims to Expedite Civil Recovery in 60,000 Bitcoin Money Laundering Case]
Yang Yuhua, a partner lawyer at Junzhi Law Firm, analyzed the case involving 60,000 bitcoins laundered under the mastermind Qian Zhimin. The case intertwines criminal proceedings, civil recovery, and a cross-border victim compensation plan within the UK judicial process. The article points out that the UK hopes to complete civil recovery as soon as possible. The earlier the High Court rules on the recovery, the sooner the authorities can confiscate the seized assets and determine the reserved compensation amount. According to public information, substantive hearings in the UK High Court may progress in early 2026, aligning with the timeline of Chinese police, who are expected to complete the verification of fundraising participants by the end of 2025.