was sentenced to 11 years and 8 months in prison, Qian Zhimin, the main criminal in the 60,000 Bitcoin money laundering case, ended

Nakamoto 2025-11-12 11:12 42720人围观 BTC

Subscribe to Caixin and enjoy the summit in the cloud! The event is as low as 50% off. Information photo: Qian Zhimin. Qian Zhimin’s sentencing brought the criminal part of this case to an end, but the truly complicated issue of how to dispose of the 60,0

Subscribe to Caixin and enjoy the summit on the cloud! Promotion as low as 50% off >>

Data map: Qian Zhimin. Qian Zhimin’s sentencing brings the criminal part of this case to an end, but the truly complicated issue of how to dispose of 60,000 Bitcoins has just begun.

Text | Caixin Yue Yue from London, UK

“Qian Zhimin, you have been the designer and leader of this crime from beginning to end. The scale of money laundering you are involved in is unprecedented. Your motivation is purely greed. You fled China with the stolen investment funds and lived a life of luxury for a period of time. You lie one after another, use all your tricks, and seek self-interest at every turn. You bought loyalty, recruited accomplices, and successfully evaded justice for more than seven years. If you had not pleaded guilty, your total sentence would have been 13 years. After taking into account the reduced sentence (for a 10% guilty plea), you will be sentenced to 11 years and 8 months. ”During the sentencing process by Her Honor Judge Sally-Ann Hales KC, Qian Zhimin covered her face and cried several times.

At 3 pm local time on November 11, 2025, the high-profile 60,000 Bitcoin money laundering case was pronounced in Court No. 12 of the Southwark Crown Court in London, England. The 47-year-old principal criminal Qian Zhimin had previously pleaded guilty to two charges of money laundering on September 29, 2025, one for possessing criminal property (cryptocurrency) and the other for transferring criminal property (cryptocurrency).

Seng Hok Ling, who helped Qian Zhimin launder money and escape, was also sentenced to 4 years and 11 months in prison.

In the UK, money laundering crimes (including handling, transferring, and possessing criminal assets, etc.) are punishable by up to 14 years in prison. The actual sentence depends on factors such as the complexity of the case, the strength of the evidence, whether the defendant pleads guilty, and whether he cooperates in reducing the sentence.

……
The full text has a total of 2413 words
New members can subscribe to read the full text. Subscribed members can read directly.