A hearing on the legal application of a 60,000 Bitcoin money laundering case will be held in July; the UK High Court's appointment of the lead law firm has sparked controversy.

The UK High Court has appointed Fieldfisher, a law firm that was involved in the case early in the 60,000 Bitcoin money laundering scandal, as the lead law firm for the hearing in July, addressing the "applicable law" issue (i.e., whether Chinese or British law should apply). However, this decision has sparked controversy, with some firms concerned that Fieldfisher could gain an informational advantage, such as access to lists of victims with large investments, and even poach clients by improperly inducing victims to switch firms. The judge, however, ruled that this arrangement does not designate Fieldfisher to represent all victims in their asset recovery claims, but rather to represent all victims in the "applicable law" debate. Other law firms will continue to handle their clients' claims independently, and the selection of a lead firm is intended to improve litigation efficiency. (Caixin)