The main suspect in the 60,000 BTC money laundering case, Qian Zhimin, purchased the BTC at an average price of 2,815 yuan per BTC. A hearing on the d...
TL;DR
Qian Zhimin, main suspect in a 60,000 BTC money laundering case, bought Bitcoin at 2,815 yuan each, now worth 750,000 yuan. UK authorities have not returned assets to China, with ongoing cooperation and a hearing set for November 2025.
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On November 16, according to Caixin, Qian Zhimin, the main suspect in a money laundering case involving 60,000 BTC, purchased Bitcoin at an average price of 2,815 yuan per coin (statistical method unknown). By the time of his sentencing in the UK, the price of Bitcoin had increased more than 266 times to 750,000 yuan per coin. Regarding the handling of the frozen assets by the UK judicial authorities, the UK has not yet made substantial progress towards the stage of returning or sharing the assets with the Chinese government.
On October 30, the Hedong Branch of the Tianjin Municipal Public Security Bureau, which is investigating the Lantian Gree case, issued a notice stating that the public security authorities are continuing cross-border cooperation with British law enforcement agencies to pursue fugitives and recover stolen assets, making every effort to recover the losses of those who participated in the fundraising scheme. On November 17, 2025, the UK High Court will hold another hearing regarding the disposal of 60,000 bitcoins.