China News Weekly: Qian Zhimin is very likely to still have Bitcoin that has not been discovered or confiscated, claiming that the password for his 20,000 BTC wallet is lost.

DeepFlowTech
BTC0,89%

According to a report by “China News Weekly” on November 28, Deep Tide TechFlow news states that a special audit shows that from August 2014 to July 2017, Lantian Ge Rui raised more than 40.2 billion yuan, all controlled and allocated by Qian Zhiming. From April 2014 to August 2017, Lantian Ge Rui refunded more than 34.1 billion yuan to 128,409 people, with an additional more than 1.14 billion yuan used to purchase Bitcoin.

Documents obtained by the media from the UK court also reveal that Qian Zhimin purchased a total of 194,951 Bitcoins, which is higher than the 61,000 coins identified by the police. However, the court did not disclose the status of the remaining over 120,000 Bitcoins. This means that it is highly likely that Qian Zhimin's assets still include Bitcoins that have not been discovered or confiscated. In an interview with the UK media, Detective Joe Ryan from the London Metropolitan Police revealed that Qian Zhimin claimed to have “lost the password” to a wallet containing 20,000 Bitcoins. At the latest exchange rate, these “lost” Bitcoins are worth approximately 12.5 billion yuan.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Chainlink CCIP Becomes Exclusive Bridge for Coinbase Wrapped BTC to the Monad DeFi Ecosystem

Chainlink CCIP now enables Coinbase’s cbBTC to bridge from Base to Monad, opening direct access to Bitcoin-backed DeFi liquidity. Monad will access more than $5 billion of cbBTC to lend, trade, and for Bitcoin-based DeFi products. Chainlink has enabled Coinbase Wrapped BTC (cbBTC) to move fr

CryptoNewsFlash10m ago

"ETH Swing Master" unrealized gains have increased to $12 million, with no positions closed yet. Recently, successfully bottomed out BTC at an average price of $68,000.

March 5 news shows that the "ETH Swing Master" address currently holds a 15x leveraged ETH long position, with an unrealized profit of $9.2 million. At the same time, this address also bought the dip in BTC during the short-term bottom for BTC and ETH, with unrealized profits exceeding $2.8 million. The total unrealized profit now exceeds $11 million, and the outlook remains bullish.

GateNews37m ago

Bitcoin ETFs Draw $462M as BTC Briefly Hits $73K

US spot Bitcoin ETFs saw renewed demand on Wednesday, with inflows broad-based across major issuers as BTC briefly breached the $73,000 level. Net inflows into spot BTC funds reached $462 million for the day, marking the third consecutive day of net buying and lifting the weekly total to

CryptoBreaking51m ago

Bitcoin ETF attracts $462 million, BTC briefly surpasses $73,000

U.S. spot Bitcoin ETF recorded a net inflow of $462 million on Wednesday, with a three-day total of $1.1 billion. BlackRock IBIT was the fund with the largest single-day inflow. Although the capital inflow indicates an improvement in market sentiment, the Fear & Greed Index remains in the "Extreme Fear" zone, and more sustained inflow data is needed to confirm a trend reversal.

MarketWhisper55m ago

US Spot Bitcoin ETFs Add $225M as BlackRock IBIT Offsets Redemptions

US spot Bitcoin ETFs posted mixed trading flows on Tuesday, reflecting a nuanced backdrop for the U.S. ETF market as investors weighed short-term liquidity against broader risk-off sentiment. Data from SoSoValue showed that overall spot BTC ETFs drew a net inflow of $225.2 million, highlighting

CryptoBreaking1h ago
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)