The leader of a fraudulent bitcoin The operation declared himself guilty in the United Kingdom Crown Court for his role in the fraud of 5,100 million pounds ($ 6.9 billion).
The Chinese national Zhimin Qian, 47, was convicted of acquiring and possession of criminal property, namely, cryptocurrency, the Metropolitan Police announced Monday.
Qian, also known as Yadi Zhang, defrauded more than 128,000 victims in China between 2014 and 2017, which subsequently stored its loot in BTC and fled to the United Kingdom, according to the police.
She tried to wash the bitcoin buying properties with the help of her assistant Jian Wen. Wen, 42, was sentenced to six years and eight months in prison for his role in the operation last year.
The Metropolitan Police referred to the bust of 61,000 BTC as “what is believed to be the largest cryptocurrency convulsion in the world,” in Monday’s statement.
There were reports earlier this year that the United Kingdom government can seek to sell the seized BTC of this case, similar to what the German authorities did last year, which applied a considerable sale pressure at the price of Bitcoin at that time.
