Zhimin Qian pleads guilty in UK’s $7B Bitcoin laundering case

Guilty plea confirmed On September 29 2025 Zhimin Qian—also known as Yadi Zhang—pleaded guilty in a UK court to laundering Bitcoin tied to a major Chinese investment ￰0￱ recovered over 61,000 BTC worth about $6.7 billion

in one of the world’s largest crypto ￰1￱ linked to China The funds came from a large pyramid scheme targeting Chinese ￰2￱ fleeing to the UK Qian used fake identities front companies and property deals to hide the ￰3￱ admitted to handling criminal ￰4￱ used to move funds Prosecutors say the case shows how Bitcoin was used to shift stolen money across ￰5￱ UK served as a key base for the laundering ￰6￱ pending Her sentence has not been ￰7￱ expect more suspects tied to the ￰8￱ see this as a major step in crypto-related financial crime enforcement.