**[Main Perpetrator in 60,000 Bitcoin Money Laundering Case, Qian Zhimin, Pleads Guilty in the UK]** Qian Zhimin, the main perpetrator in the illegal public fund-raising case involving Tianjin Lantian Gerui Electronic Technology Co., Ltd., appeared in court at Southwark Crown Court in London, UK, on September 29, 2025, and pleaded guilty to charges of money laundering. Qian Zhimin had illegally raised funds under the guise of "blockchain computing power investment" and "Bitcoin mining financial management," with the case involving tens of billions of yuan, including approximately 60,000 bitcoins. After the case was exposed in 2017, Qian Zhimin fled to the UK and remained in hiding for an extended period. Currently, Tianjin police are cooperating with UK law enforcement agencies to carry out cross-border efforts to pursue fugitives and recover assets, aiming to mitigate losses for the participants in the fund-raising scheme. Authorities also remind investors to be cautious of unauthorized cross-border "asset recovery agents" to avoid further losses.