China2026.10.14Odaily

Court Accepts Case Seeking Forfeiture of Over 61,800 Bitcoins, Other Assets in Qian Zhimin's 40-Billion-Yuan Fundraising Fraud

• The case centers on Qian Zhimin, accused of operating an illegal fundraising scheme worth approximately 40 billion yuan.
• A Chinese court has officially accepted the case for prosecution.
• Prosecutors have applied to confiscate over 61,800 bitcoins plus additional assets linked to the case.