Qian Zhimin's 10 billion Bitcoin money laundering case will go to trial in London on September 29

According to Caixin, the Qian Zhimin case, a scandalous 10 billion yuan Bitcoin money laundering scheme, will go to trial at London's Southwark Crown Court on September 29, 2025. The case, involving cross-border money laundering and the recovery of crypto assets, is seen as a landmark test of cross-border financial crime regulation and governance in the digital currency era. Qian Zhimin (also known as "Yadi Zhang" or "Huahua") is accused of illegally raising approximately 43 billion yuan through Ponzi-like "investment and wealth management" products between 2014 and 2017 through Tianjin Lantian Gerui Electronic Technology Co., Ltd., targeting 130,000 victims. This case is not only a landmark event in China's illegal fundraising history, but also the largest cryptocurrency money laundering case in British judicial history. Previously, Qian Zhimin, the main culprit in the 60,000 Bitcoin money laundering case, had denied all charges in the UK.