Bitcoin Magazine Chinese Woman Pleads Guilty in UK Bitcoin Laundering Case Tied to $7 Billion Crypto Seizure

A Chinese national accused of laundering bitcoin linked to a multi-billion-pound fraud pleaded guilty on the first day of her trial at the Southwark Crown Court in London, England.

Qian Zhimin, also known as Zhang Yadi, 47, admitted to possessing and transferring criminal property under the Proceeds of Crime Act 2002, according to Reuters reporting. She was remanded in custody ahead of sentencing, which is scheduled for a later date.

The case stems from one of the largest cryptocurrency seizures ever, with British police confiscating over 61,000 BTC, currently valued at approximately £5.1 billion ($6.7 billion).

The funds were allegedly connected to a massive Chinese investment

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