TechFlow news, October 31 — According to Caixin, on October 30, 2025, the "Blue Horizon Greencool Case Refund Task Force" of Hedong District Finance Bureau in Tianjin City issued an announcement reminding participants in the Blue Horizon Greencool case who have not yet registered and confirmed their status to complete verification between October 31, 2025, and December 29, 2025. The verification results will serve as the basis for refund distribution.
The illegal public deposit absorption case involving Tianjin Blue Horizon Greencool Electronic Technology Co., Ltd. involved over 43 billion yuan in illicit funds (cumulative amount according to official statistics) and affected nearly 130,000 victims across 31 provinces, municipalities, and autonomous regions throughout China. After the main suspect, Qian Zhimin, fled to the UK with embezzled funds, it triggered the largest money laundering case in UK history involving 60,000 bitcoins.
