PANews reported on October 29 that the Hedong Branch of the Tianjin Municipal Public Security Bureau issued a notice today stating that Qian Zhimin, the main culprit in the illegal fundraising case of Lantian Gree Electronic Technology Co., Ltd., appeared in court at the Southwark Magistrates' Court in London on September 29, 2025, after years on the run in the UK. He was charged with money laundering and pleaded guilty in court. Police stated that they are currently cooperating with UK law enforcement agencies in cross-border fugitive repatriation and asset recovery efforts to fully recover losses for those who participated in the fundraising scheme. Police reminded investors to express their demands rationally and legally, and to be wary of unauthorized cross-border "asset recovery agents" to avoid being scammed again.

Public records show that Qian Zhimin was the founder and actual controller of Tianjin Lantian Gree Electronic Technology Co., Ltd. The company illegally raised funds under the guise of "blockchain computing power investment" and "Bitcoin mining wealth management," absorbing billions of yuan in funds, including approximately 60,000 Bitcoins. After the case was exposed in 2017, Qian Zhimin fled abroad and has been hiding in the UK for a long time.