Wallet cluster linked to the Qian Zhimin case holds 28,555 BTC worth $1.8 billion

iconChainthink
Share
This is the logo of the coin.
BTC
$62,948.40-0.94%
AI summary iconSummary
Today’s BTC news reveals a wallet cluster linked to the Qian Zhimin case holds 28,555 BTC, valued at $1.8 billion. A dormant wallet, active since 2017, recently transferred 1,020 BTC—worth $60 million—distributing the funds across multiple addresses. On-chain analysis shows connections to addresses disclosed by UK authorities in the case. BTC update: the movement has drawn attention due to its potential legal and market implications.

According to on-chain investigator Specter, a wallet holding 28,555 BTC, valued at approximately $1.8 billion, appears to be linked to addresses associated with the UK’s Qian Zhimin case.

Several weeks ago, a Bitcoin wallet that had been dormant since 2017 suddenly transferred 1,020 BTC—approximately $60 million—split across multiple addresses.

Further investigation revealed that these fund flows are on-chain linked to the addresses associated with the Qian Zhimin case previously disclosed by UK law enforcement authorities.

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.