UK Police Convicts Pair in £5.5 Billion Bitcoin Launder Case

Two defendants pleaded guilty in a Bitcoin laundering case tied to the UK's record crypto seizure. The Met’s seven-year probe moves to sentencing 10–11 November.

Two people have been convicted in connection with a multibillion-pound Bitcoin laundering scheme tied to what police call the world’s largest cryptocurrency seizure. Zhimin Qian, 47, and Hok Seng Ling, 46, admitted roles in handling more than £5.5 billion worth of illicit crypto.

According to a Metropolitan Police statement, the convictions follow a seven-year investigation by its Economic Crime team, which uncovered one of the largest money laundering operations ever pursued in the UK.

Fugitive defrauded 128,000 victims before fleeing China

The Met Police said that between 2014 and 2017, Qian orchestrated a sweeping fraud in China that duped more than 128,000 victims. She converted the proceeds into Bitcoin and fled the country using false ...