Key facts: London Court Sentences Zhimin Qian; U.S. Seizes 127,000 BTC; Bitcoin Drops 15-20%
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- A London court sentenced Zhimin Qian to over 11 years for illegally obtaining and laundering Bitcoin, with authorities seizing over 60,000 BTC worth about $6.2 billion.1
- The U.S. Justice Department seized 127,000 Bitcoin, worth about $13 billion, linked to the 2020 LuBian mining pool hack, amid accusations of state-backed cyber involvement from China.23
- Bitcoin has declined approximately 15-20% in 2025, falling from $109,000 to $82,000, as investors move capital from high-risk assets like cryptocurrencies to safer investments.4