The Metropolitan Police has gained confidence in the world’s largest cryptocurrency seizure, which exceeds £ 5.5 billion ($ 7.3 billion), has gained confidence in it.
47 -year -old Jhimin Qian, also known as Yedi Zhang, today convicted the Southwark Crown Court for obtaining and keeping criminal assets under the Crime Act. Police said it operated a multabilian-pound fake bitcoin scheme that cheated over 128,000 victims in China between 2014 and 2017.
Kian was the mastermind behind a company that promised investors to high returns of 100% -300% of their investment. Through this scheme, he Allegedly picked up 40 billion yuan About 130,000 investors.
His early propaganda by Bitcoin gave him the nickname “Bitcoin Queen” in China, where he promoted Cryptocurrency as “Digital Gold”.
When the plan collapsed in 2017, it converted income into bitcoin and fled China to the United Kingdom.
MET started its investigation after obtaining intelligence about the movement of cryptocurrency assets stolen in 2018, seizing 61,000 bitcoins by investigators.
At the time of seizure, holdings were hundreds of million pounds. With an increase in the price of bitcoin over the last few years, they are now about £ 5.5 billion.
After reaching the UK, Qian tried to rob the funds through property purchase with the help of a colleague, Gian Wayne. His arrest in 2018 launched a multi-year-old inquiry, requiring evidence from several courts and cooperation with Chinese law enforcement.
Wayne was later sentenced to six years and eight months in jail for his role in the plan.
“Today’s guilty petition marks the culmination of the years of investigation dedicated by Mate’s Economic Offenses Teams and our partner,” Said will linHead of Met’s Economic and Cybercrime Command.
“It is one of the largest money laundering cases in the history of Britain and globally in the highest-value cryptocurrency cases. I am very proud of the team.”
“Through a careful investigation and unprecedented cooperation with Chinese law enforcement, we were able to get a compelling evidence of criminal origin of cryptosets, who tried to launch in the UK.”
The seizure crosses the previous high-profile cryptocurrency recovery, with the US Justice Department’s 2022 forcibly more than 94,000 bitcoins connected to the bitfinex hack, then a price of about $ 3.6 billion.
With 61,000 bitcoins seized by Britain now, the case has now become the largest single crypto seizure in history.
The passwords broke in 46% of the atmosphere, almost doubled by 25% last year.
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