Domestic illegally raised 43 billion yuan, exchanged it for 61,000 bitcoins and absconded. Qian Zhimin appeared in court in the UK and admitted money laundering

Nakamoto 2025-10-29 11:16 70978人围观 BTC

On September 29, local time, Qian Zhimin, the main criminal in the largest Bitcoin money laundering case in the UK and the illegal fund-raising case in Tianjin Blue Sky, China, appeared in court in London. Qian Zhimin admitted in court to the related char

On September 29, local time, Qian Zhimin, the main criminal in the UK's largest Bitcoin money laundering case and the illegal fund-raising case of Tianjin Blue Sky Grete in China, appeared in court in London. Qian Zhimin admitted in court to related charges of Bitcoin money laundering.

Left: A recent photo of Qian Zhimin. Right: Southwark Crown Court, London (picture according to Caixin)
Qian Zhimin, 47, appeared at London's Southwark Crown Court that day and later decided to change his previous plea and pleaded guilty to one count of "possessing property obtained by crime" and one count of "transferring property obtained by crime". The case involves 61,000 Bitcoins, worth approximately 48 billion yuan based on the market price on September 28.

Subsequently, Judge Hales remanded Qian Zhimin into custody pending sentencing. The specific sentencing date is to be determined.

A victim of Lantian Gerui confirmed the above development to Jiemian News. But they are also unsure about the extent to which they can recover losses in the future.

Since Qian Zhimin has pleaded guilty, the UK will initiate property confiscation proceedings. The trial is expected to last 12 weeks. Several Chinese victims will appear in court in Tianjin to testify via remote video.

Previously, Qian Zhimin (whose pseudonyms were Zhang Yadi and Huahua) pleaded not guilty to all money laundering charges during a court trial on October 21, 2024. Her lawyer said: "Qian Zhimin denies all allegations of criminal conduct and intends to vigorously contest the case. ”She was accompanied in court by a co-accused named "Senghok Ling", who also pleaded not guilty to a charge of participating in money laundering knowing that it was criminal property.

The entrusted lawyer has helped the creditor submit a civil recovery application to the British High Court.

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In 2017, seven ministries and commissions in China jointly stopped all types of token issuance and financing activities. At that time, a total of 8,600 illegal fund-raising cases were opened and investigated across the country, and 50 cases involved amounts exceeding 100 million yuan. Among them, Blue Sky Green illegally absorbed 43 billion yuan of public deposit funds. Qian Zhimin is the actual controller of the company.

After the product exploded in 2017, Qian Zhimin converted his illegal gains into Bitcoins and transferred them overseas, and used a fake passport to escape to the UK. In May 2021, the police seized and froze 61,000 Bitcoins in Qian Zhimin’s equipment. In April 2024, Qian Zhimin was arrested in the UK.

Source: City Express, Jinguan News

Editor Zheng Zhehao reviewed Jiang Bo and Chen Jie