According to Odaily, a Chinese businesswoman, Qian Zhimin, has been implicated in a large-scale Bitcoin money laundering case in the UK. The judicial documents reveal that the majority of the Bitcoins involved in the case are believed to have originated from her extensive fraudulent activities in China.
In June 2014, Qian Zhimin opened a digital currency trading account under another person's name and used over 1.1 billion yuan of illicit funds to purchase Bitcoins. Calculated at the highest Bitcoin market value since 2024, the value has reached more than 32 billion yuan.
Legal analysis suggests that Qian Zhimin fled to the UK in September 2017. On September 4 of the same year, seven departments including the Central Bank issued a 'Notice on Preventing the Risk of Token Issuance Financing'. From then on, virtual digital currency exchanges closed the exchange channel between the yuan and virtual digital currencies.
This means that before the case, Qian Zhimin could directly purchase Bitcoins with illicit funds on the trading platform. Coupled with the absence of anti-money laundering measures such as real-name accounts at the time, she easily managed to flee overseas with Bitcoins.
