"UK Police Seize $1.8B Bitcoin Linked to China Investment Fraud"
TL;DR Summary
UK police have seized $1.78 billion worth of bitcoin from an investment fraud operation in China, with the accused, Jian Wen, standing trial for laundering bitcoin on behalf of her former employer, Zhimin Qian. The seized bitcoin, worth 1.4 billion pounds, was converted from roughly 5 billion pounds stolen from over 128,000 investors. Qian has fled and Wen, who has pleaded not guilty, is on trial for helping to convert some of the bitcoin into cash, property, and luxury items.
- UK Police Seize Nearly $1.8B of Bitcoin From Investment Fraud in China: FT CoinDesk
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- $30M mansion hunt leads to $1.7B Bitcoin seizure Cointelegraph
- Bitcoin worth £1.4bn seized after ex-takeaway worker tried to buy £23m mansion, court hears Sky News
- UK police seized £1.4bn of bitcoin from China investment fraud, court told Financial Times
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