PANews reported on November 16th that, according to Caixin.com, Qian Zhimin, the main suspect in a money laundering case involving 60,000 Bitcoins, purchased Bitcoins at an average price of 2,815 yuan per coin (statistical method unknown). However, by the time she was sentenced in the UK, the price of Bitcoin had inflated 266 times to 750,000 yuan per coin. Regarding the disposal of the assets frozen in the UK, the UK has not yet made substantial progress towards returning or sharing them with the Chinese authorities. The Hedong Branch of the Tianjin Public Security Bureau, which is investigating the Lantian Gree case, also issued a notice on October 30th stating that the public security organs are continuing cross-border cooperation with UK law enforcement agencies to pursue fugitives and recover stolen assets, making every effort to recover losses for those who participated in the fundraising scheme. On November 17, 2025, the UK High Court will hold another hearing on the disposal of the 60,000 Bitcoins.PANews reported on November 16th that, according to Caixin.com, Qian Zhimin, the main suspect in a money laundering case involving 60,000 Bitcoins, purchased Bitcoins at an average price of 2,815 yuan per coin (statistical method unknown). However, by the time she was sentenced in the UK, the price of Bitcoin had inflated 266 times to 750,000 yuan per coin. Regarding the disposal of the assets frozen in the UK, the UK has not yet made substantial progress towards returning or sharing them with the Chinese authorities. The Hedong Branch of the Tianjin Public Security Bureau, which is investigating the Lantian Gree case, also issued a notice on October 30th stating that the public security organs are continuing cross-border cooperation with UK law enforcement agencies to pursue fugitives and recover stolen assets, making every effort to recover losses for those who participated in the fundraising scheme. On November 17, 2025, the UK High Court will hold another hearing on the disposal of the 60,000 Bitcoins.
Caixin: Qian Zhimin, the main suspect in a money laundering case involving 60,000 Bitcoins, purchased them at an average price of 2,815 yuan each. The UK High Court will hold a hearing on his case on
PANews reported on November 16th that, according to Caixin.com, Qian Zhimin, the main suspect in a money laundering case involving 60,000 Bitcoins, purchased Bitcoins at an average price of 2,815 yuan per coin (statistical method unknown). However, by the time she was sentenced in the UK, the price of Bitcoin had inflated 266 times to 750,000 yuan per coin. Regarding the disposal of the assets frozen in the UK, the UK has not yet made substantial progress towards returning or sharing them with the Chinese authorities. The Hedong Branch of the Tianjin Public Security Bureau, which is investigating the Lantian Gree case, also issued a notice on October 30th stating that the public security organs are continuing cross-border cooperation with UK law enforcement agencies to pursue fugitives and recover stolen assets, making every effort to recover losses for those who participated in the fundraising scheme. On November 17, 2025, the UK High Court will hold another hearing on the disposal of the 60,000 Bitcoins.
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