**Zhimin Qian, the ‘Cryptoqueen,’ Faces Sentencing in UK for $6.5 Billion Bitcoin Money Laundering Scheme**
Zhimin Qian, a Chinese businesswoman known as the “Cryptoqueen” and often dubbed the “Goddess of Wealth” for her lavish lifestyle, is set to face sentencing in a UK court for her involvement in a massive Bitcoin money laundering operation.
The scheme involved defrauding victims in China and using the illicit gains to purchase luxury properties in London. Authorities have linked Qian to one of the largest cryptocurrency seizures in UK history, with 61,000 BTC seized in connection to the case. At current market rates, the value of these Bitcoins is reported to be approximately $6.5 billion.
UK police conducted the major cryptocurrency seizure as part of their extensive investigation into this international money laundering operation. The case highlights how proceeds from the fraud were laundered through high-end real estate in London, further complicating the financial trail.
Following her conviction, Zhimin Qian now faces a lengthy prison sentence. This sentencing represents a significant milestone in the UK authorities’ ongoing efforts to crack down on crypto-related financial crimes, particularly those involving large-scale international fraud schemes.
The case serves as a stark reminder of the risks associated with cryptocurrency fraud and the increasing global collaboration to bring perpetrators to justice.
https://bitcoinethereumnews.com/bitcoin/cryptoqueen-facing-sentencing-over-6-5b-bitcoin-stash/
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