The mastermind of a 60,000 BTC money laundering case, Qian Zhimin, is expected to be released in 2030

By: theblockbeats.news|2025/11/12 21:45:52

BlockBeats News, November 12th, according to Caixin report, the mastermind of a 60,000 BTC money laundering case, Qian Zhimin, was sentenced to 11 years and 8 months in prison on Tuesday at Southwark Crown Court in the UK. As Qian Zhimin has been remanded in custody for about 18 months since April 23, 2024, this time will be deducted directly from his total sentence. According to the UK's "automatic release halfway" rule, ordinary determinate sentence offenders can transition to the community supervision stage after serving half of their sentence. Based on this calculation, she is expected to be released in late February 2030.

In addition, Qian Zhimin will also be subject to a 5-year Serious Crime Prevention Order (SCPO) to take effect upon her release. Analysts point out that Qian Zhimin's sentencing brings the criminal part of this case to a close, but the real complexity of how to deal with the 60,000 bitcoins is just beginning.

-- Price

In the current context of tightening global regulations, if one can directly enter the market with a partner that has already established a compliance system, obtaining federal license endorsement, the credibility of a listed company, and access to banking cooperation channels, the cost is merely gi...

A Brief History and Future of Perpetual Contracts

Decentralized perpetual contract exchanges, such as Hyperliquid, are replacing traditional derivatives with structural advantages, becoming trillion-dollar financial platforms that attract global assets.

AI Agent Gets ID and Wallet on the Same Day | Rewire News Morning Brief

Agent infrastructure for the economy is forming faster than anyone expected

IOSG: Power Flexibility Paradigm Shift: From Macro Assets to Distributed Intelligence Layer

The power system is being asked to perform a task it was not designed to do.

Murata 35% Price Increase Explained: A Capacitor that Gives AI Empire a Cold

Choosing to raise at this point in time has a clear financial incentive

MiniMax: A Henan County Youth and His 300 Billion

Money, cards, and people were scarce, yet it spurred the highest levels of engineering prowess and architectural innovation.

From Abandoned Project to Sky-High Target, Mastercorp Acquires BVNK for $1.8 Billion

The stablecoin is no longer a competitor to the card networks, but has instead been assimilated into its underlying network as a highly complementary business subset.

Is Polymarket's Pricing Accurate? I Simulated a Crisis with 200 Agents to Find Out

The more participants, the richer the discussion structure, and the more valuable the resulting signal.

A Decade of Regulation Finally Clarified, Victory for Crypto-Native Logic

Three Charts to Explain What's in This 68-Page Document

The United States Establishes the "Five Categories Law" for Cryptographic Assets: A Summary to Understand the New Regulatory Framework

Is the "Wild West" era of cryptocurrency assets officially coming to an end?

Morning Report | Mastercard plans to acquire BVNK for up to $1.8 billion; Solana Foundation launches aggregator Tokens on Solana; Bitcoin sees its first 8 consecutive rises in four years

Overview of Important Market Events on March 17

Aster Chain officially launches: defining a new era of on-chain privacy and transparency

The privacy-focused trading ecosystem Aster, supported by YZi Labs, announced today that the Aster Chain mainnet is officially launched.

Stargate Debut Illustrated: The 1.4 Trillion Computing Power Empire Dream, Awakened

One Year Plus, Zero Employees, Zero Code