The money laundering case involving 60,000 Bitcoins is being pursued by law firms on behalf of over 1,000 Chinese users, with the current case value approximately 48 billion RMB.

On September 29, according to Caixin reports, multiple law firms in China have been commissioned to represent Chinese investors in the Lantian Ge Rui case to apply to the High Court of England for civil recovery in the 60,000 Bitcoin money laundering case. Several law firms, including Yiren Law Firm, Duan and Duan Law Firm, and Yingke Law Firm, are collectively representing over a thousand clients. The presiding judge in this case is Her Honour Judge Sally-Ann Hales KC, who has considerable reputation and influence in the UK's criminal justice field. The barrister defending Qian Zhimin is Philippa Eastwood from Doughty Street Chambers. According to market prices, the 61,000 Bitcoins frozen by the UK are worth approximately 48 billion yuan. Previous reports stated that the main perpetrator of the 60,000 Bitcoin money laundering case, Qian Zhimin, will be tried today at the Southwark Crown Court in London, with Chinese police officers traveling to London to testify in person, and several Chinese victims testifying remotely via video from courts in Tianjin, China. The trial is expected to last 12 weeks and will conclude before Christmas. Qian Zhimin is accused of illegally raising approximately 43 billion yuan through Ponzi scheme-like 'investment and financial management' products via Tianjin Lantian Ge Rui Electronic Technology Co., Ltd. between 2014 and 2017, with victims totaling 130,000. This case is not only one of the landmark events in China's illegal fundraising history but also the largest cryptocurrency money laundering case in British legal history.