China Newsweek published an article titled "The boss who gave you three generations of wealth ran away with 61,000 bitcoins", which disclosed that according to the judicial documents obtained by the magazine about Qian Zhimin's bitcoin money laundering case in the UK, most of the bitcoins involved in the case are believed to come from large-scale fraud crimes she committed in China. In June 2014, Qian Zhimin opened a digital currency trading account in the name of others and used more than 1.1 billion yuan of stolen money to buy bitcoins. If calculated based on the highest market value of bitcoin since 2024, the value has reached more than 32 billion yuan.
Lawyers analyzed that Qian Zhimin fled to the UK in September 2017. On September 4 of the same year, the central bank and seven other ministries and commissions issued the "Announcement on Preventing the Risks of Token Issuance and Financing". Since then, virtual digital currency exchanges have closed the exchange channel between RMB and virtual digital currencies. In other words, Qian Zhimin could use the stolen money to directly purchase bitcoins on the trading platform before the incident. Coupled with the absence of anti-money laundering measures such as the real-name system for accounts at the time, she easily fled abroad with bitcoins.