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On November 17, according to Caixin reports, Qian Zhimin, the main suspect in the money laundering case involving 60,000 BTC, was arrested with a digital device seized by the police. On the eve of the criminal trial scheduled for September 2025, he provided the access code for the device and the passwords for two encryption wallets. Ultimately, the police discovered that in addition to 61,000 Bitcoins, he also held other cryptocurrencies worth a total of £67 million, including Bitcoin and XRP.


According to previous reports, in June 2014, Qian Zhimin instructed her "frontman" to open an account for her, using 180 million yuan of investors' funds to purchase 100,250 Bitcoins; subsequently, the number of Bitcoins in that account increased to 143,951. Between January and June 2017, she again used 468 million yuan of investors' funds to acquire 51,000 Bitcoins through over-the-counter (OTC) trading. By this time, Qian Zhimin had purchased a total of 194,951 Bitcoins.
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