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Zhimin Qian guilty plea in UK crypto fraud case

Law Enforcement
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Zhimin Qian pleaded guilty in a U.K. crypto crime case after authorities seized £5.5 billion in 61,000 Bitcoin, escalating a major prosecution tied to criminal property. The case links a Metropolitan Police investigation to a fraud network that allegedly affected more than 128,000 victims and later moved proceeds through the U.K. Qian now awaits sentencing, and the outcome highlights how cryptocurrency can be used to store and launder illicit gains at massive scale.

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Timeline

  1. 30.09.2025 11:23 2 articles · 7mo ago

    Zhimin Qian guilty plea in UK crypto fraud case

    Initial Disclosure

    Zhimin Qian (aka Yadi Zhang) pleaded guilty at Southwark Crown Court to offenses tied to acquiring and possessing criminal property connected to a fraudulent cryptocurrency scheme, while the Metropolitan Police said its investigation led to the seizure of £5.5 billion / 61,000 Bitcoin from her London home and linked the case to a large-scale fraud in China.

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