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    1. coinfeeds-bot on

      tldr; Zhimin Qian, a Chinese national, was convicted in the UK for her role in a cryptocurrency scam that defrauded over 128,000 victims in China between 2014 and 2017, leading to the world’s largest cryptocurrency seizure worth over £5bn. Qian laundered stolen funds through bitcoin and property purchases after fleeing to the UK. The Metropolitan Police seized 61,000 bitcoins during their investigation. Qian’s conviction follows a seven-year probe, and she remains in custody awaiting sentencing. Efforts are ongoing to prevent fraudsters from accessing the stolen funds.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. MichaelAischmann on

      What will happen to the 61k BTC? Is UK law enforcement obligated to liquidate seized assets?

    3. Wild how someone can stash £5 billion in bitcoin and stay hidden for years. Makes you wonder how many other cases are out there.

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