Bitcoin Queen’s Crown Falls: 11-Year Jail Term in UK’s Largest Crypto Seizure
The “Bitcoin Queen” of China, Zhimin Qian, is now serving a royal sentence in London: 11 years and eight months for laundering billions in Bitcoin. Her reign over a £5.5 billion crypto scheme ended with the largest cryptocurrency seizure in British history. Talk about a crypto crash!
Hot Take:
And the award for “Most Creative Use of Bitcoin in a Crime Drama” goes to… the “Bitcoin Queen”! Who knew that the best accessory for a crypto heist was a crown and a getaway ticket to the UK? Zhimin Qian, the self-proclaimed monarch of digital gold, just found out the hard way that Bitcoin might be decentralized, but the long arm of the law is not. Eleven years in the slammer gives a whole new meaning to “blockchain.” Better luck next time, your majesty!
Key Points:
- Zhimin Qian, also known as the “Bitcoin Queen,” sentenced to nearly 12 years in UK prison for laundering cryptocurrency.
- Qian led a £5.5 billion ($7.3 billion) investment scam, defrauding over 128,000 victims in China.
- Authorities seized 61,000 Bitcoin, marking the largest cryptocurrency seizure in British history.
- Her partner-in-crime, Seng Hok Ling, received a four-year and 11-month sentence for his involvement.
- The investigation was a joint effort by the Met, Crown Prosecution Service, National Crime Agency, and Chinese law enforcement.
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