The Metropolitan Police achieved the world’s largest cryptocurrency seizure, valued at over £5.5 billion, linked to a massive Bitcoin fraud scheme. This case involved international cooperation and marks a significant milestone in crypto-related criminal investigations. #BitcoinTheft #CryptoLaundering
Keypoints
- The Metropolitan Police seized 61,000 Bitcoin worth approximately £5.5 billion from a fraud scheme.
- Zhimin Qian, known as “Bitcoin Queen,” masterminded a scheme defrauding over 128,000 victims in China.
- The scheme raised about 40 billion yuan from investors promising 100%–300% returns.
- Qian fled China to the UK after the scheme collapsed in 2017 and attempted money laundering through property investments.
- The case is among the largest cryptocurrency seizures in history, showcasing international law enforcement cooperation.