In the 43 billion yuan illegal fund-raising case of BlueSky Green, it is estimated that less than 5% can be returned domestically. At present, 61,000 bitcoins have been seized by the British police. The proceeds of crime hearing will be held in September 2024. Caixin searched through public channels and found that there are very few successful cases of similar cross-border asset recovery in China. In addition, according to international practice, sharing is the mainstream way to recover assets across borders and dispose of confiscated assets. The International Cooperation Department of the Ministry of Justice of China replied that the specific case is not known and it is inconvenient to disclose. (Caixin)
Previous news, after five years of investigation, the Southwark Criminal Court in London, UK, found that former hotel staff Jian Wen was involved in money laundering activities worth $2.5 billion in Bitcoin, involving the review of 48 electronic devices and thousands of digital files. He has been convicted of money laundering.
It is reported that Wen's change in lifestyle has attracted the attention of the authorities. In 2017, she moved from an apartment above a Chinese restaurant in Leeds to a rented six-bedroom house in North London, with a monthly rent of about $21,420. That same year, she tried to buy a string of expensive homes in London but ran into problems passing money laundering checks, despite claiming to have made millions from bitcoin mining.
British police called it "the largest case of its kind in the UK." Wen is due to be sentenced on May 10.