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PANews
PANews|Nov 28, 2025 07:31
[New Doubts in the Qian Zhimin Case: 120,000 BTC Out of 195,000 Unaccounted For, Claims Wallet with 20,000 BTC Lost Password] The China News Weekly published an article titled 'The 40 Billion Yuan Worth of Bitcoin Taken by Qian Zhimin—Can It Be Returned to China?' It pointed out that Qian Zhimin, the main perpetrator of the 60,000 BTC money laundering case, had purchased a total of 194,951 BTC, which is higher than the 61,000 BTC identified by the police. However, the court did not disclose the status of the remaining 120,000+ BTC, suggesting that Qian Zhimin's assets may still include undiscovered or unconfiscated Bitcoin. Detective Joe Ryan from the London Metropolitan Police revealed that Qian Zhimin claimed to have 'lost the password' to a wallet containing 20,000 BTC. Based on the latest market valuation, just these 'lost' Bitcoins are worth approximately 12.5 billion yuan.
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Timeline

Dec 26, 11:55BlackRock deposits over $114 million into Coinbase
Dec 26, 07:12QCP Capital deposited 400 Bitcoins and 200 ETH into Binance
Dec 26, 01:36Selling Bitcoin and buying silver is a wise trade.
Dec 25, 18:01Bitcoin drives a record surge in SEC filings by 2025
Dec 24, 09:57Proposal to freeze Bitcoin below 1000 satoshis
Dec 24, 09:33A certain Bitcoin OG deposited 100,000 ETH into Binance
Dec 23, 16:35MSCI proposes to exclude companies with over 50% Bitcoin holdings
Dec 23, 14:16Grayscale transferred approximately 616 BTC to Coinbase Prime
Dec 23, 12:31The central bank of RAmericaIA allows citizens to purchase Bitcoin.
Dec 23, 12:24The central bank of RAmericaIA allows citizens to purchase Bitcoin.

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