Caixin: The main perpetrator in the 60,000 Bitcoin money laundering case bought the Bitcoin at an average price of approximately 2,815 yuan. The UK Hi...
TL;DR
Qian Zhimin bought 60,000 Bitcoins at ~2,815 yuan each; now worth 750,000 yuan, a 266x increase. UK-China asset recovery is pending, with a hearing set for Nov 2025.
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According to Odaily, the average purchase cost of Bitcoin by Qian Zhimin, the main suspect in a money laundering case involving 60,000 Bitcoins, was approximately 2,815 yuan per coin (the specific statistical method was not disclosed). On the day he was sentenced by a British court, the price of Bitcoin had risen to approximately 750,000 yuan per coin, an increase of 266 times.
Regarding the assets involved in the case that were frozen in the UK, the formal return or distribution with China has not yet begun. The Hedong Branch of the Tianjin Municipal Public Security Bureau, which is in charge of the Lantian Gree case, announced on October 30 that it is continuing to work with UK law enforcement agencies to pursue fugitives and recover assets across borders, striving to minimize the losses suffered by participants in the fundraising scheme.
The UK High Court will hold another hearing on November 17, 2025, to discuss the subsequent handling of the 60,000 bitcoins.