Zhimin Qian, the mastermind behind a multibillion-pound bitcoin fraud, was sentenced to 11 years and eight months after defrauding 128,000 people in China through a Ponzi scheme. Police seized over £5 billion in Bitcoin, marking the largest cryptocurrency seizure in UK history, during a raid on her Hampstead mansion. A co-conspirator, Jian Wen, received a six-year and eight-month sentence for her role in laundering the money. Qian’s elaborate evasion tactics included hiding codes in her clothing and utilizing a network to avoid capture for five years.
