Qian Zhimin Case: 120,000 BTC Out of 194,000 Missing, 20,000 BTC Wallet Passwords Lost

Qian Zhimin Case: 120,000 BTC Out of 194,000 Missing, 20,000 BTC Wallet Passwords Lost

2025-11-28 15:49

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ChainThink report: According to British court documents cited by China News Weekly, Qian Zhimin holds 194,951 bitcoins under his name, surpassing the previously identified 61,000 bitcoins locked by law enforcement. Over 120,000 bitcoins remain unaccounted for in terms of their current whereabouts. This implies that undisclosed or unrecovered bitcoins may still be part of his assets. During an interview with British media, Detective Joe Lane from the Metropolitan Police’s Fraud Squad revealed that Qian Zhimin claimed one wallet containing approximately 20,000 bitcoins became inaccessible due to "lost password." (Note: A wallet is a digital tool used to store cryptocurrencies; losing the password can result in permanent inability to access the funds.) Based on current market valuation, the estimated worth of these 20,000 "lost" bitcoins alone amounts to approximately 12.5 billion RMB.
#Bitcoin

Disclaimer: Contains third-party opinions, does not constitute financial advice

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