£700K is just what they know about...
If I was doing something like this you can be sure that I'd have a bunch of crypto wallets stashed somewhere unlikely/inaccessible to the authorities, leave a large enough chunk somewhere obvious to be found so that it's feasible that they've got all the remaining money, claim a sex/gambling/drug addiction to explain away any discrepancy and then cash it all out once you are a free man again.