PANews reported on October 1st that, according to the International Business Times (IBT), Chinese national Zhimin Qian pleaded guilty at London's Southwark Crown Court on September 29th to criminal possession of cryptocurrency assets. The case involved 61,000 bitcoins previously seized by British police, valued at approximately $6.75 billion at current prices, making it the world's largest cryptocurrency seizure to date. It is reported that Qian Zhimin defrauded approximately 5 billion pounds from more than 128,000 victims through investment fraud in China between 2014 and 2017. She then converted the illegal proceeds into Bitcoin and fled to the UK in 2017 to launder the money. British police launched an investigation in 2018 and seized a digital wallet containing 61,000 bitcoins that same year. Qian Zhimin and his accomplices are scheduled to be sentenced on November 10, 2025.PANews reported on October 1st that, according to the International Business Times (IBT), Chinese national Zhimin Qian pleaded guilty at London's Southwark Crown Court on September 29th to criminal possession of cryptocurrency assets. The case involved 61,000 bitcoins previously seized by British police, valued at approximately $6.75 billion at current prices, making it the world's largest cryptocurrency seizure to date. It is reported that Qian Zhimin defrauded approximately 5 billion pounds from more than 128,000 victims through investment fraud in China between 2014 and 2017. She then converted the illegal proceeds into Bitcoin and fled to the UK in 2017 to launder the money. British police launched an investigation in 2018 and seized a digital wallet containing 61,000 bitcoins that same year. Qian Zhimin and his accomplices are scheduled to be sentenced on November 10, 2025.
The world's largest cryptocurrency case: A Chinese woman pleaded guilty in the UK, involving 61,000 BTC (about $6.75 billion)
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PANews reported on October 1st that, according to the International Business Times (IBT), Chinese national Zhimin Qian pleaded guilty at London's Southwark Crown Court on September 29th to criminal possession of cryptocurrency assets. The case involved 61,000 bitcoins previously seized by British police, valued at approximately $6.75 billion at current prices, making it the world's largest cryptocurrency seizure to date.
It is reported that Qian Zhimin defrauded approximately 5 billion pounds from more than 128,000 victims through investment fraud in China between 2014 and 2017. She then converted the illegal proceeds into Bitcoin and fled to the UK in 2017 to launder the money.
British police launched an investigation in 2018 and seized a digital wallet containing 61,000 bitcoins that same year. Qian Zhimin and his accomplices are scheduled to be sentenced on November 10, 2025.
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