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China News Weekly: 120,000 bitcoins in Qian Zhimin's case have not been found or confiscated, 20,000 bitcoins are "lost"

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2025-11-28 07:45:00
On November 28th, according to China News Weekly, the special project audit showed that from August 2014 to July 2017, Blue Sky Grey absorbed a total of 40.20 billion funds, which were controlled by Qian Zhimin. From April 2014 to August 2017, Blue Sky Grey returned money to 128,409 people 34.10 billion, and another 1.14 billion were used to buy bitcoin.
Documents obtained by the media from the British court also show that Qian Zhimin bought a total of 194,951 bitcoins, higher than the 61,000 locked by the police. But the court did not disclose the situation of the remaining 120,000 bitcoins. This means that it is very likely that there are still bitcoins in Qian Zhimin's property that have not been found or confiscated. In an interview with the British media, Joe Lane of the Metropolitan Police revealed that Qian Zhimin said that one of his wallets with 20,000 bitcoins "lost the password". According to the latest conversion market price, these "lost" bitcoins alone are worth about 12.50 billion yuan.
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