PANews reported on October 29 that the Hedong Branch of the Tianjin Municipal Public Security Bureau issued a notice today stating that Qian Zhimin, the main culprit in the illegal fundraising case of Lantian Gree Electronic Technology Co., Ltd., appeared in court at the Southwark Magistrates' Court in London on September 29, 2025, after years on the run in the UK. He was charged with money laundering and pleaded guilty in court. Police stated that they are currently cooperating with UK law enforcement agencies in cross-border fugitive repatriation and asset recovery efforts to fully recover losses for those who participated in the fundraising scheme. Police reminded investors to express their demands rationally and legally, and to be wary of unauthorized cross-border "asset recovery agents" to avoid being scammed again. Public records show that Qian Zhimin was the founder and actual controller of Tianjin Lantian Gree Electronic Technology Co., Ltd. The company illegally raised funds under the guise of "blockchain computing power investment" and "Bitcoin mining wealth management," absorbing billions of yuan in funds, including approximately 60,000 Bitcoins. After the case was exposed in 2017, Qian Zhimin fled abroad and has been hiding in the UK for a long time. PANews reported on October 29 that the Hedong Branch of the Tianjin Municipal Public Security Bureau issued a notice today stating that Qian Zhimin, the main culprit in the illegal fundraising case of Lantian Gree Electronic Technology Co., Ltd., appeared in court at the Southwark Magistrates' Court in London on September 29, 2025, after years on the run in the UK. He was charged with money laundering and pleaded guilty in court. Police stated that they are currently cooperating with UK law enforcement agencies in cross-border fugitive repatriation and asset recovery efforts to fully recover losses for those who participated in the fundraising scheme. Police reminded investors to express their demands rationally and legally, and to be wary of unauthorized cross-border "asset recovery agents" to avoid being scammed again. Public records show that Qian Zhimin was the founder and actual controller of Tianjin Lantian Gree Electronic Technology Co., Ltd. The company illegally raised funds under the guise of "blockchain computing power investment" and "Bitcoin mining wealth management," absorbing billions of yuan in funds, including approximately 60,000 Bitcoins. After the case was exposed in 2017, Qian Zhimin fled abroad and has been hiding in the UK for a long time.

Qian Zhimin, the main suspect in a money laundering case involving 60,000 bitcoins, pleaded guilty in a British court.

2025/10/30 17:39

PANews reported on October 29 that the Hedong Branch of the Tianjin Municipal Public Security Bureau issued a notice today stating that Qian Zhimin, the main culprit in the illegal fundraising case of Lantian Gree Electronic Technology Co., Ltd., appeared in court at the Southwark Magistrates' Court in London on September 29, 2025, after years on the run in the UK. He was charged with money laundering and pleaded guilty in court. Police stated that they are currently cooperating with UK law enforcement agencies in cross-border fugitive repatriation and asset recovery efforts to fully recover losses for those who participated in the fundraising scheme. Police reminded investors to express their demands rationally and legally, and to be wary of unauthorized cross-border "asset recovery agents" to avoid being scammed again.

Public records show that Qian Zhimin was the founder and actual controller of Tianjin Lantian Gree Electronic Technology Co., Ltd. The company illegally raised funds under the guise of "blockchain computing power investment" and "Bitcoin mining wealth management," absorbing billions of yuan in funds, including approximately 60,000 Bitcoins. After the case was exposed in 2017, Qian Zhimin fled abroad and has been hiding in the UK for a long time.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights

You May Also Like

New Viral Presale on XRPL: DeXRP Surpassed $6.4 Million

New Viral Presale on XRPL: DeXRP Surpassed $6.4 Million

The post New Viral Presale on XRPL: DeXRP Surpassed $6.4 Million  appeared on BitcoinEthereumNews.com. One of the most talked-about ecosystems in the cryptocurrency space is the XRP Ledger (XRPL), and DeXRP, the first Presale on XRPL, recently made headlines for its growth story. Attracting over 9,300 investors globally, the project has now raised over $6.4 million and is rapidly emerging as one of the most viral cryptocurrency launches of 2025. By integrating AMM and Order Book trading with a cutting-edge LP system and an open voting process for holders, DeXRP hopes to establish itself as the preferred trading destination for the XRPL community. What is DeXRP?  As the first decentralized exchange (DEX) based on XRPL, DeXRP is taking center stage as XRP continues to solidify its place in the global market. Massive expectation has been generated by the combination of DeXRP’s ambition for an advanced trading platform and XRPL’s established infrastructure, which is renowned for its quick transactions, cheap fees, and institutional-ready capabilities. In contrast to a lot of speculative presales, DeXRP’s development shows both institutional interest and community-driven momentum. Its early achievement of the $6.4 million milestone demonstrates how rapidly investors are realizing its potential. DeXRP Presale Success More than 9,300 distinct wallets have already joined the DeXRP presale, indicating a high level of interest from around the world. A crucial aspect is highlighted by the volume and variety of participation: DeXRP is not merely a niche project; rather, it is emerging as a major force in the XRPL ecosystem. DeXRP’s recent collaborations with WOW Earn and Micro3, as well as its sponsorship of the WOW Summit in Hong Kong, are also contributing factors to this uptick in investor confidence. These actions are blatant attempts to increase the company’s awareness among institutional players and crypto-native groups. The Forbes article summed it up: DeXRP is embedding credibility where others chase hype, marking it as…
Share
BitcoinEthereumNews2025/09/18 20:14
Whales Dump 100M ADA as Cardano Struggles Below $0.70

Whales Dump 100M ADA as Cardano Struggles Below $0.70

Whales offload 100M ADA, pushing Cardano price below $0.70. Analysts eye breakout as Grayscale ETF speculation fuels investor optimism. Solana gains traction with $69.5M ETF inflows boosting confidence. Cardano holders have faced a turbulent few days as large investors offloaded massive amounts of ADA. According to Ali Martinez, whales sold nearly 100 million ADA within just three days, creating noticeable selling pressure in the market. The cryptocurrency now hovers below the $0.70 mark, struggling to overcome its current resistance level. The wave of selling has stirred short-term uncertainty among retail investors. However, Cardano’s fundamentals remain firm, supported by strong development activity and increasing total value locked across its DeFi ecosystem. These indicators show that while prices fluctuate, network growth continues steadily behind the scenes. At the same time, the broader crypto market is showing weakness. Bitcoin trades near $110,925 after a slight dip, while Ethereum remains around $3,930. Despite the broader slump, sentiment within the Cardano community has not turned bearish, as optimism builds around potential catalysts. 100 million Cardano $ADA sold by whales in 72 hours! pic.twitter.com/2VXsZnx90m — Ali (@ali_charts) October 29, 2025 Also Read: Analyst: “XRP Structure Remains Intact” – See Multiple Price Targets ETF Speculation Ignites Optimism Among Cardano Investors Ali Martinez noted that Cardano may be preparing for a significant rebound. He explained that a confirmed break above $0.80 could open the path toward $1.70, signaling strong upside momentum. Many traders are now monitoring that level closely as a possible trigger for the next rally. Meanwhile, attention is focused on the potential Grayscale Cardano ETF. The fund recently reached its SEC decision deadline without an announcement, fueling speculation that it could launch soon. Such a move would allow institutional investors to gain regulated exposure to ADA, potentially driving fresh inflows into the market. Experts believe the ETF could play a crucial role in ADA’s price recovery. Grayscale’s recent filings show that Cardano meets the SEC’s rule 19b-4 listing standards, meaning the ETF could list without direct approval. Consequently, even moderate institutional demand could lift Cardano’s market cap and price in the near term. Solana Whale Transfer Sparks Market Attention An on-chain alert from Whale Alert showed 1,097,555 SOL tokens moving from a verified Coinbase Institutional wallet to a new address. The large transaction fueled speculation about institutional investors expanding their Solana exposure. Analysts noted the timing aligned with Bitwise confirming $69.5 million in first-day inflows for its spot Solana ETF ($BSOL), nearly 480% higher than $SSK’s debut, reflecting strong institutional interest in Solana. Hence, while Cardano faces temporary selling pressure, the broader altcoin market remains dynamic. Both ADA and SOL continue to attract significant institutional attention, suggesting that investor interest in major blockchain ecosystems is far from fading. Also Read: Egrag Crypto Says “XRP Family is Under Attack,” Here’s Why The post Whales Dump 100M ADA as Cardano Struggles Below $0.70 appeared first on 36Crypto.
Share
Coinstats2025/10/30 21:37