The main suspect in the 60,000 Bitcoin money laundering case, Qian Zhimin, is on trial today in London, with Chinese victims testifying remotely.

On September 29, according to Caixin, Qian Zhimin, the main culprit in the laundering case of 60,000 Bitcoins, will stand trial today at the Southwark Crown Court in London. This case will become a landmark in Sino-British judicial cooperation, cross-border asset recovery, and the disposal of crypto assets. Chinese police officers will travel to London to testify in court, and multiple Chinese victims will appear via remote video from a court in Tianjin, China. The trial is expected to last 12 weeks and will conclude before Christmas. This case involves issues of cross-border money laundering and the recovery of crypto assets, and is seen as a milestone test for regulatory and governance challenges against cross-border financial crimes in the era of digital money. Qian Zhimin is accused of illegally raising approximately 43 billion yuan through Tianjin Lantian Ge Rui Electronic Technology Co., Ltd. with Ponzi scheme-like "investment and financial management" products between 2014 and 2017, affecting 130,000 victims. This case is not only one of the most significant events in China's illegal fundraising history but also the largest cryptocurrency money laundering case in British judicial history.