UK Bitcoin Seizure Worth £5bn Leads to Guilty Plea in Major Cryptocurrency Fraud

TLDR Zhimin Qian (also known as Yadi Zhang) pleaded guilty to a bitcoin fraud affecting 128,000 victims in China Metropolitan Police seized 61,000 bitcoins worth over £5bn ($6.7bn), believed to be the world’s largest cryptocurrency seizure The fraud operated between 2014 and 2017, with Qian fleeing China using false documents before entering the UK Jian [...]

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