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The main culprit of the 60,000 BTC money laundering case, Qian Zhimin, also holds XRP in addition to Bitcoin.

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On November 17, according to Caixin, Qian Zhimin, the main suspect in a money laundering case involving 60,000 BTC, was arrested by the police, who seized a digital device from him. On the eve of the criminal trial in September 2025, he provided the access code for the device and the passwords for two encryption wallets. Ultimately, the police discovered that in addition to 61,000 Bitcoins, he also held other cryptocurrencies valued at a total of £67 million, including XRP. Previously reported, in June 2014, Qian Zhimin instructed his “frontman” to open an account for him, using 180 million yuan of investor funds to purchase 100,250 Bitcoins; subsequently, the account's Bitcoin holdings increased to 143,951. Between January and June 2017, she again purchased 51,000 Bitcoins using 468 million yuan of investor funds through OTC Trading. By this time, Qian Zhimin had bought a total of 194,951 Bitcoins.

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XRP0.08%
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