Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Qian Zhimin, the main culprit in a money laundering case involving 60,000 BTC, was sentenced to 11 years and 8 months in prison.

Qian Zhimin, the main culprit in a money laundering case involving 60,000 BTC, was sentenced to 11 years and 8 months in prison.

CointimeCointime2025/11/11 17:18
By:Cointime

 main culprit of a money laundering case involving 60,000 BTC, Qian Zhimin, was sentenced to 11 years and 8 months in prison on Tuesday at the Southwark Crown Court in the UK.

Qian Zhimin also used the name "Zhang Yadi". She admitted in September to fraud and money laundering charges related to her company, Blue Sky Gray. The company promised wealth through high-tech health products and cryptocurrency mining projects.

Also on trial with her was her Malaysian accomplice, Seng Hok Ling, who was sentenced to 4 years and 11 months in prison for acting as her intermediary and financial agent in the case.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Ethereum Updates: UBS Launches Tokenized Fund, Highlighting Blockchain’s Growing Role in Institutional Finance

- UBS executed first tokenized fund transaction using Chainlink's DTA standard on Ethereum , automating fund operations via smart contracts. - The uMINT fund with DigiFT's real-time processing demonstrated blockchain's potential to streamline institutional asset management and reduce reconciliation costs. - Institutional adoption accelerates as BNY, Goldman Sachs , and WisdomTree launch tokenized fund projects, with Ethereum's tokenized assets growing 2,000% YoY. - XRP and cross-border crypto projects gain

Bitget-RWA2025/11/11 19:12
Ethereum Updates: UBS Launches Tokenized Fund, Highlighting Blockchain’s Growing Role in Institutional Finance

XRP News Today: XRP's Strong Fundamentals Face Off Against Death Cross—Will Institutional Investment Trigger a Recovery?

- XRP fell to $2.32 as technical indicators showed a death cross and bearish patterns, despite RLUSD's $1B supply milestone. - ETF filings by Bitwise and 21Shares could boost institutional liquidity, but U.S. government shutdown delays regulatory approvals. - Market sentiment remains cautious (Fear & Greed Index at 31) amid Bitcoin's downtrend dragging altcoins lower. - Analysts split between $1.9 support retests and potential rebounds above $2.40-2.50, with RSI at neutral 49.98.

Bitget-RWA2025/11/11 19:12
XRP News Today: XRP's Strong Fundamentals Face Off Against Death Cross—Will Institutional Investment Trigger a Recovery?

Trust Wallet Token (TWT) Price Forecast: Ushering in a New Chapter for Decentralized Finance?

- Trust Wallet Token (TWT) surged to $1.6 in October 2025, doubling from June lows, driven by strategic integrations and institutional partnerships. - TWT's reimagined utility model, including Trust Premium loyalty rewards and Onramper fiat-onboarding, boosted real-world adoption in emerging markets. - Institutional interest grew via RWA tokenization (e.g., U.S. Treasury bonds) and ZKsync privacy integrations, while Q3 2025 data showed $330M market cap and $11M daily volume. - Analysts project $5.13 (2025)

Bitget-RWA2025/11/11 18:58
Trust Wallet Token (TWT) Price Forecast: Ushering in a New Chapter for Decentralized Finance?

HBAR's ETF Surge Contrasts with Institutional Sell-Off as Token Drops 2.1%

- HBAR fell 2.1% to $0.1837 as a 95% volume surge signaled institutional selling pressure, breaking key resistance near $0.1940. - Canary Capital's first U.S. HBAR ETF (HBR) launched October 28, 2025, aiming to boost institutional access despite recent price weakness. - Technical indicators show bearish structure with critical support at $0.1831, suggesting further downside risk if consolidation fails. - While Hedera's enterprise blockchain infrastructure remains stable, macroeconomic pressures and regulat

Bitget-RWA2025/11/11 18:58
HBAR's ETF Surge Contrasts with Institutional Sell-Off as Token Drops 2.1%