The Metropolitan Police announced Monday the seizure of some $7.3 billion in bitcoin following the conviction of Zhimin Qian, the "Bitcoin Queen," who defrauded over 128,000 victims through a large-scale fraud operation.
"The seizure results from an inquiry which was launched in 2018 on the back of intelligence received about the transfer of criminal assets," the Met said in a statement about Qian's conviction, "where the Met seized 61,000 Bitcoin from the Chinese national Zhimin Qian (also known as Yadi Zhang)."
