The main suspect in the case of laundering 60,000 bitcoins, Qian Zhimin, pleaded guilty in court in the UK

ChainCatcher news, the Public Security Bureau of Hedong District, Tianjin, announced today that Qian Zhimin, the main suspect in the illegal public deposit case of Lantian Gerui Electronic Technology Co., Ltd., appeared in court at Southwark Crown Court in London, UK, on September 29, 2025, after fleeing to the UK for many years. He is suspected of money laundering and pleaded guilty in court.

The police stated that they are currently continuing cross-border cooperation with British law enforcement agencies to pursue fugitives and recover assets, making every effort to compensate the losses of the fundraising participants. The police remind investors to express their demands rationally in accordance with the law and to be wary of unauthorized cross-border "asset recovery agents" to avoid being deceived again.

Public information shows that Qian Zhimin was the founder and actual controller of Tianjin Lantian Gerui Electronic Technology Co., Ltd., which engaged in illegal fundraising under the guise of "blockchain computing power investment" and "Bitcoin mining financial management," raising tens of billions of yuan. Among the assets involved in the case are approximately 60,000 bitcoins. After the case broke in 2017, Qian Zhimin fled the country and has been hiding in the UK for a long time.