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Chinese businesswoman faces jail after US$6 billion UK crypto seizure

From channelnewsasia.com

She lived a life of luxury that earned her the nickname "goddess of wealth", but Chinese businesswoman Qian Zhimin now faces a long jail sentence after police made the United Kingdom's largest-ever cryptocurrency seizure of bitcoin worth over US$6 billion. The 47-year-old, who used the alias Zhang Yadi, defrauded more than 128,000 victims through a scheme in China from 2014 to 2017 and stored the illegally obtained funds in bitcoin assets. Qian played a leading role in the scam. After fleeing China in 2018 using false documents, she came to the UK where she attempted to launder the proceeds, according to police and ... (full story)

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