China Opens Forfeiture Proceedings for 61,896 BTC Tied to Qian Zhimin Case

TL;DR Chinese authorities opened forfeiture proceedings seeking 61,896.41552945 BTC and other assets linked to the Qian Zhimin case after a Tianjin court accepted prosecutors’ application. Prosecutors allege the scheme raised more than 40.378 billion yuan and left over 102,000 participants with combined losses exceeding 19.977 billion yuan. A six-month notice period allows relatives and interested parties to join, while ownership and victim recovery questions still remain unresolved across China and Britain. Chinese authorities have opened forfeiture proceedings seeking 61,896.41552945 BTC and other assets linked to the Qian Zhimin case. According to The Paper , Tianjin’s Second Intermediate People’s Court accepted prosecutors’ application on September 28 and announced the case on October 13.

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