Billionaire’s Bitcoin Haul Sparks Scrutiny of Crypto Enforcement

Qian Zhimin, a convicted fraudster who laundered over £5 billion in Bitcoin through a Chinese Ponzi scheme, has been sentenced to 11 years and 8 months in prison. The case involves the seizure of a significant portion of his ill-gotten gains – approximately 61,000 BTC – but leaves another 20,000 BTC unaccounted for, raising concerns about asset recovery efforts in the global cryptocurrency landscape.