Caixin: "Qian Zhimin's 61,000 Bitcoin Money Laundering Case" UK recovery claims deadline is May 22. So far, only 8.8% of Chinese victims plan to submit applications.

DeepFlowTech · 2026-02-24T03:11:03+00:00

On Lunar New Year's Eve and the first day of 2026, the High Court of the United Kingdom held a hearing on a Bitcoin money laundering case. Over 11,300 Chinese victims plan to seek compensation. The funds involved originated from the illegal deposit-taking activities of Tianjin Lantian Ge Rui. The main culprit, Qian Zhimin, fled to the UK and was sentenced. Over 60,000 Bitcoins have been frozen.

DeepFlowTech

2026-02-24 03:11:03

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Deep Tide TechFlow News, February 20 — According to Caixin, on Lunar New Year’s Eve and the first day of the new year in 2026 (February 16 and 17), the UK High Court held a two-day asset disposal hearing for a case involving the laundering of 60,000 bitcoins. Caixin’s statistics, based on information disclosed during the hearing, show that over 11,300 Chinese victims plan to submit claims for compensation to the UK High Court. However, this only accounts for 8.8% of the 128,409 victims.

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