[UK High Court to Hold Hearing on Disposal of 60,000 Bitcoins on November 17]
The main perpetrator of the 60,000 Bitcoin money laundering case, Qian Zhimin, purchased Bitcoin at an average price of 2,815 yuan per coin. By the time of his sentencing in the UK, the price of Bitcoin had risen to 750,000 yuan per coin, an increase of 266 times. Regarding the disposal of frozen assets involved in the case, the UK has not yet progressed to the stage of returning or sharing them with Chinese authorities. On October 30, the Hedong Branch of the Tianjin Public Security Bureau issued a notice stating that the public security authorities are cooperating with UK law enforcement agencies on cross-border efforts to pursue fugitives and recover assets, striving to mitigate the losses of those who participated in the fundraising. The UK High Court is scheduled to hold another hearing on the disposal of the involved Bitcoins on November 17, 2025 (UTC+8).