Qian Zhimin, the main suspect in a major money laundering case involving 60,000 bitcoins, has pleaded guilty in a British court. The Southwark Magistrates' Court in London heard the case on September 29, 2025, marking the end of Qian's years-long evasion of authorities in the UK. He was charged with laundering funds through Lantian Gree Electronic Technology Co., Ltd., which illegally raised billions of yuan under the pretense of blockchain investments. The Tianjin Municipal Public Security Bureau is collaborating with UK law enforcement to repatriate Qian and recover assets to compensate victims of the fraudulent scheme. Authorities have cautioned investors against engaging unauthorized "asset recovery agents" to prevent further scams. Qian, who founded the company, fled China in 2017 after the scheme was uncovered, and has been in hiding in the UK since then.