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New content:
COINOTAG News, citing a Caixin report, highlights the architect behind a 60,000 BTC money-laundering operation, Qian Zhimin, who acquired Bitcoin at an average price of 2,815 yuan per coin (method not disclosed). On the UK sentencing date, Bitcoin traded near 750,000 yuan per BTC, a roughly 266x increase from the purchase price. The report notes no substantive progress on the disposition of frozen assets by UK authorities or any sharing with Chinese authorities.
The Hedong Branch of the Tianjin Public Security Bureau, investigating the Lanting Ge Rui case, issued a notice on October 30 confirming ongoing cross-border cooperation with UK law enforcement to pursue and recover investor losses from the fundraising scheme.
A UK High Court hearing on the disposition of the 60,000 BTC is scheduled for November 17, 2025, underscoring continued cross-border enforcement efforts.
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