The case of Qian Zhimin's 10 billion Bitcoin money laundering will be heard in London on September 29, 2025

ChainCatcher news, according to Caixin reports, the shocking global money laundering case of Qian Zhimin involving billions in Bitcoin will be heard at the Southwark Crown Court in London on September 29, 2025.

This case involves issues of cross-border money laundering and the tracing of crypto assets, and is seen as a milestone test for the regulation and governance of cross-border financial crimes in the digital currency era. Qian Zhimin (alias "Yadi Zhang" or "Hua Hua") is accused of illegally raising approximately 43 billion yuan through Tianjin Lantian Ge Rui Electronic Technology Co., Ltd. with Ponzi scheme-like "investment and financial management" products between 2014 and 2017, affecting 130,000 victims. This case is not only one of the landmark events in China's illegal fundraising history but also the largest cryptocurrency money laundering case in British judicial history. Previously, it was reported that Qian Zhimin, the main suspect in the laundering of 60,000 Bitcoins, denied all criminal charges in the UK.