£5.6 million recovered in the Qian Zhimin case—but will the money reach the victims? New developments have emerged in the Qian Zhimin Bitcoin money laundering case. According to UK media reports on October 21, Seng Hok Ling, who assisted Qian Zhimin in money laundering, arranged accommodation, and evaded police investigation, has had approximately £5.6 million seized, along with £1,990 in interest. He was sentenced to four years and eleven months in prison last November. The case involves over 128,000 victims in China, and UK police previously seized around 61,000 bitcoins. However, there is a crucial distinction: The court’s recovery of criminal proceeds does not mean these assets have been directly returned to victims. How the funds will be distributed and whether victims will receive compensation still depends on ongoing legal proceedings. #QianZhimin #Bitcoin #UK #Cryptocurrency #FinancialNews