Caixin: BlueSky Green’s illegal fund-raising case is expected to refund less than 5% in China, and 61,000 bitcoins have been seized by British police

According to BlockBeats, on April 7, Caixin reported that in the 43 billion yuan illegal fundraising case of BlueSky Green, it is expected that less than 5% can be returned in China. At present, 61,000 bitcoins have been seized by the British police. The hearing on the proceeds of crime will be held in September 2024. Caixin searched through public channels and found that there are very few successful cases of cross-border recovery of stolen money in China. In addition, according to international practice, sharing is the mainstream way of cross-border recovery of stolen money and disposal of confiscated assets. The International Cooperation Department of the Ministry of Justice of China responded that the specific case is not known and it is inconvenient to disclose. BlockBeats previously reported that on January 30, according to the Financial Times, 42-year-old Wen Jian was accused of assisting a Chinese woman named Yadi Zhang in money laundering and committing three counts of money laundering. According to prosecutors, Zhang stole about £5 billion from more than 128,000 Chinese investors between 2014 and 2017 through wealth management fraud, then converted the money into Bitcoin and arrived in London under a false identity in 2017. Wen is accused of helping Zhang convert some of the Bitcoin into cash, jewelry and other luxury goods, and property.