Chinese National Sentenced to Over 11 Years for Largest Bitcoin Seizure in UK

TLDR Zhimin Qian sentenced to over 11 years for laundering Bitcoin worth $6.2 billion in the UK. Qian’s fraudulent investment scheme defrauded 128,000 victims of £600 million between 2014 and 2017. After fleeing China, Qian and Jian Wen tried laundering money through UK properties and Bitcoin. Authorities seized 60,000 Bitcoins, marking the largest cryptocurrency seizure [...]

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