Chinese woman convicted in UK after ‘world’s biggest’ bitcoin seizure

The Chinese citizen was convicted that he played a key role in the fact that it is believed to be the only largest capture of cryptocurrency in the world, worth more than 5.5 billion pounds ($ 7.4 billion).

Zhimin Qian, also known as Yadi Zhang, pleaded guilty to the Crown Sauturka on Monday, London, that he illegally acquired and possessed cryptocurrency.

In the period from 2014 to 2017, she headed a large -scale scam in China, deceiving more than 128,000 victims and preserving the stolen funds in Bitcoin assets, the metropolitan police said in statementField

Meth said that the recognition of a 47-year guilt follows a seven-year investigation in the global money laundering network.

According to Detective Isabella Grotto, who headed the investigation met, for five years, for five years before her arrest, which required a complex investigation related to numerous jurisdictions.

She fled from China, using false documents and entered the UK, where she tried to wash the stolen money, buying real estate, said met.

She had the help of another Chinese citizen, Jian Wen. A former conclusion worker was imprisoned for six years and eight months last year for her participation in a criminal operation.

“Bitcoin and other cryptocurrencies are increasingly used by organized criminals to mask and transfer assets, so fraudsters can use the advantages of their criminal behavior,” said Robin Weil, deputy chief prosecutor of the crown of the crown.

“This case, including the largest seizure of cryptocurrencies in the UK, illustrates the scale of criminal income accessible to these scammers.”

Conviction on Monday marks the “culmination of the years of the investigation”, in which police and Chinese law enforcement teams participated, said Will Line, the head of the MET for economic and cybercrime.

The judicial persecution service (CPS) is working to ensure that scammers do not receive stolen funds, an application has been added.

Last year, CPS said that many of the victims returned some of their money in accordance with the compensation scheme created in China.

Qian is detained before pronouncing the sentence. The date of its sentence has not yet been corrected.

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