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Zhimin Qian guilty plea in UK Bitcoin fraud seizure case

Law Enforcement
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H score 36
1 unique sources, 1 articles

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Zhimin Qian (Yadi Zhang) pleaded guilty at Southwark Crown Court in a Bitcoin fraud case tied to the Metropolitan Police seizure of 61,000 Bitcoin. Police say the haul is worth more than £5.5 billion, making it the world's largest cryptocurrency seizure. The scheme allegedly defrauded 128,000+ victims in China and led to a cross-border investigation with Chinese law enforcement.

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Timeline

  1. 30.09.2025 01:16 2 articles · 9mo ago

    Zhimin Qian pleads guilty in UK Bitcoin laundering case

    Legal Policy Action Update

    Zhimin Qian, also known as Yadi Zhang, pleaded guilty at Southwark Crown Court to acquiring and possessing criminal property under the Proceeds of Crime Act after the Metropolitan Police investigation into a multibillion-pound fraudulent Bitcoin scheme that allegedly defrauded more than 128,000 victims in China and led to the seizure of 61,000 Bitcoin.

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