Qian Zhimin’s 10 billion Bitcoin money laundering case will be held in London on September 29, 2025

According to ChainCatcher, according to Caixin, Qian Zhimin, a 10 billion Bitcoin money laundering case that shocked the world, will be heard at the Southwark Criminal Court in London on September 29, 2025. This case involves cross-border money laundering and crypto asset recovery, and is regarded as a milestone test in the digital currency era for the supervision and governance of cross-border financial crimes. Qian Zhimin (aliadi Zhang" or "Huahua") was accused of illegally raising approximately RMB 43 billion in funding through Tianjin Lantian Gerui Electronic Technology Co., Ltd. between 2014 and 2017 with Ponzi scam "investment and financial management" products, with 130,000 victims. This case is not only one of the landmark events in the history of illegal fundraising in China, but also the largest cryptocurrency money laundering case in the history of British judicial system. Previous news, Qian Zhimin, the main culprit of the 60,000 Bitcoin money laundering case, denied all criminal charges in the UK.