Odaily Planet Daily reports that a money laundering case involving 60,000 Bitcoin will have a “Legal Applicability Issue” hearing in July (regarding whether Chinese law or UK law should apply). The UK High Court has appointed the law firm Fieldfisher, which was involved earlier in the case, to lead the hearing. However, the lead law firm’s proposal has sparked controversy. Some firms are concerned that Fieldfisher might gain an informational advantage, such as access to the list of victims with large investments, and even attempt 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 victim asset recovery claims, but rather to represent all victims in the “Legal Applicability Issue” and negotiate 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. (Caixin)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Death Cross Appears on Three-Day Chart, What Could Follow? - U.Today
Bitcoin recently formed a death cross on the three-day chart, which historically precedes significant bear market declines. This pattern suggests the potential for further downward movement in the current cycle, echoing past trends since 2014.
UToday24m ago
Bitcoin and Ethereum ETFs Record Daily Outflows While Maintaining Weekly Gains
Gate News bot message, according to the March 6 update, Bitcoin ETFs recorded a daily net outflow of 1,697 BTC (valued at $116.94 million), while maintaining a 7-day net inflow of 13,014 BTC (valued at $896.69 million). Ethereum ETFs showed a daily net outflow of 3,185 ETH (valued at $6.34 million),
GateNews38m ago
$50,000 BTC in 2026: Bloomberg's Commodities Strategist Names Bitcoin "Young Bear" - U.Today
Bloomberg analyst Mike McGlone predicts a bearish outlook for Bitcoin and silver, forecasting both to decline to $50,000 and $50 per ounce, respectively. He attributes this to market mean reversion, geopolitical tensions, stock market volatility, and Bitcoin's historical ratio to silver.
UToday39m ago
