Current outcome
The Tianjin No. 2 Intermediate Court has accepted the prosecutor's application to confiscate assets from Qian Zhimin's illegal fundraising proceeds; the case is in judicial process, with assets including over 61,800 bitcoins and other crypto and conventional assets.
Progress timeline
2 material updates- #01
【钱志敏 400 亿非法集资案进展：检方申请没收 6.18 万余枚比特币等资产，法院已受理】
A Tianjin court has accepted a prosecutor's application to confiscate assets linked to the 40-billion-yuan Qian Zhimin illegal fundraising case, including more than 61,800 bitcoins plus BCH, BSV, XRP and DOGE holdings seized in the UK.
Source evidence: foresightnews
- #02
⚡️钱志敏400亿非法集资案进展：检方申请没收6.18万余枚比特币等资产，法院已受理
The Tianjin No. 2 Intermediate Court accepted the confiscation application on Sept 28 and issued an announcement on Oct 13; it also disclosed a more detailed asset list including 72,745.79502 BCH, 72,745.78555 BSV, 72,745.7845 BCH (Satoshi Vision), 3,605,989.9995 XRP, 70,081,208.62553222 DOGE (converted by UK judicial authorities into an interest-bearing account), plus USD, EUR, GBP cash, jewelry, bank balances and investment portfolios.
State after update: The Tianjin No. 2 Intermediate Court has accepted the prosecutor's application to confiscate assets from Qian Zhimin's illegal fundraising proceeds; the case is in judicial process, with assets including over 61,800 bitcoins and other crypto and conventional assets.
Source evidence: theblockbeats