Qian Zhimin’s 10 billion Bitcoin money laundering case will be held in London on September 29, and Chinese victims need to protect their rights

PANews September 15th news, according to Caixin, the shocking world-wide Qian Zhimin’s 10 billion Bitcoin money laundering case will be heard at the Southwark Criminal Court in London on September 29, 2025. The disclosure said that for Chinese victims, in the civil recovery process for criminal proceeds in the UK, they need to "protect their rights by themselves." 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 through Tianjin Lantian Gerui Electronic Technology Co., Ltd. from 2014 to 2017 with Ponzi scheme-type "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.